The story of this market
The typical home in Monroeville, Alabama sells for about $154,000, or $90 per square foot.
Prices are up +284.8% from a year ago, so sellers still have some momentum. Homes take about 93 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $577 a month.
Monthly price momentum
Home values since 2015
+1.9%
AL · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Monroeville, Alabama
The Monroeville housing market is currently experiencing low transaction volume and significant price volatility, likely driven by a small sample size of sales. While the median home value remains affordable, the city faces long-term population decline and economic challenges. Market conditions are stable but reflect the broader trends of a rural Alabama municipality.
No ARED county foreclosure postings attributed to Monroeville yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 27.2% year over year.
Homes spend a median of 97 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.12% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 28.8% — a mixed stability profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A significant cultural landmark that highlights the history of the region and its literary connections, serving as a major draw for tourism.
Provides essential green space and recreational facilities for local residents, supporting community health and outdoor activities.
Monroeville is best suited for local families and long-term residents who value the city's historic, small-town atmosphere. It offers an affordable entry point for first-time homebuyers, though the limited job market may be a consideration for those seeking high-growth career opportunities.
The city is served by the Monroe County School District, which manages local public education. School quality and performance metrics are generally consistent with rural Alabama district averages.
The city is served by a network of state highways that facilitate regional travel. Commuting is primarily car-dependent, with a mean travel time to work of approximately 22.3 minutes.
Monroeville offers a variety of local amenities, including the historic downtown area and public parks. The city is well-known for its literary heritage, which serves as a cultural anchor for residents and visitors alike.
The rental market in Monroeville is characterized by high demand for affordable housing, with a median gross rent of $577. Vacancy pressure remains low due to the limited supply of modern rental inventory.
The economy is primarily driven by the public sector, agriculture, and local manufacturing. As the county seat, government and administrative services provide a stable employment base.
The local economy is anchored by its role as the county seat and regional hub for Monroe County. Development momentum is modest, with the city focusing on maintaining its historic character and supporting existing local industry.
Parcels in Monroeville are subject to standard county-level property tax assessments and school district levies. There are no major MUD or PID districts reported.
Monroeville is subject to standard regional climate risks, including severe thunderstorms and potential wind damage. Property insurance markets in Alabama are sensitive to these weather patterns, which can influence premium stability.
Property insurance premiums in the region are influenced by Alabama's exposure to severe weather events. Homeowners are encouraged to maintain adequate coverage for wind and storm damage.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Current Use Valuation: Allows property to be taxed based on its current use value rather than fair market value, potentially reducing the tax burden. Conversion to a non-qualified use triggers revaluation and potential back-tax liability. State (Alabama) — Class III Residential Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by multiplying the assessed value by the local millage rate. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Class 3 Residential Property Tax Assessment: Residential property is classified as Class 3 and assessed at 10 percent of its fair market value. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 0.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau QuickFacts.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.