Washington County, Alabama Housing Market
In Washington County, Alabama, the median home value is $159,700, with a median monthly rent of $655. This places Washington County at #2023 nationally out of 3134 counties by median home value, and #29 within Alabama.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,989
- Establishments: 275
- BLS QCEW, 2025
Migration Patterns
- Inflow: 5,459 (avg $59,896)
- Outflow: 5,271 (avg $60,217)
- IRS Statistics of Income
📝 Editor's Insight
None
How Washington County Compares
| Metric | Washington County | Alabama Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $159,700 | $159,659 | $227,706 |
| Median Gross Rent | $655 | $820 | $968 |
| Owner Occupancy Rate | 85.8% | 73.2% | 73.3% |
| Price/Rent Ratio | 20.3 | 16.0 | 18.7 |
Market Analysis
The median home value in Washington County is about equal to the Alabama state average and 29.9% below the U.S. national average. The median rent of $655/month is 20.1% below the state average.
With a price-to-rent ratio of 20.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Washington County has an owner-occupancy rate of 85.8%, compared to 73.2% in Alabama and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Torrance County | New Mexico | $159,700 | $872 |
| Pendleton County | Kentucky | $159,800 | $793 |
| Red Willow County | Nebraska | $159,600 | $819 |
| Murray County | Oklahoma | $159,800 | $881 |
| Jackson County | Alabama | $159,500 | $780 |
Other Counties in Alabama
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jackson County | $159,500 | $780 | 75.1% |
| Tallapoosa County | $158,500 | $765 | 76.1% |
| Henry County | $161,000 | $769 | 79.5% |
| Chilton County | $161,300 | $871 | 76.9% |
| Pike County | $157,600 | $856 | 61.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).