The story of this market
The typical home in ZIP 36476 sells for about $195,000, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $720 a month.
ZIP 36476 — River Falls
The housing market in 36476 is characterized by low inventory and slow turnover, typical of a small rural town. Prices have seen modest appreciation, but the market remains balanced due to limited demand and supply. Buyers should expect a slow process with limited options, while sellers benefit from a lack of direct competition.
This ZIP is best suited for retirees or local workers seeking affordable, quiet rural living near the amenities of Andalusia.
Median prices moved up 2.1% year over year.
Homes spend a median of 85 days on market with 6.0 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 25.0% · poverty 42.9% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 36476, Covington County AL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime data for River Falls is not determinable at the ZIP level, though it generally mirrors the low-density rural trends of Covington County.
Schools serving the area are part of the Covington County School District, which provides standard rural public education services.
The area is situated along the Conecuh River and Point A Lake, presenting localized flood risks that require standard flood insurance considerations.
Economic momentum is tied to the nearby county seat of Andalusia, with limited new development activity within the town limits of River Falls.
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.
Commuting is primarily car-dependent, with a short drive to Andalusia serving as the primary employment and service hub.
The area is defined by access to Point A Lake and the Conecuh River, offering local fishing, boating, and outdoor recreation opportunities.
The rental market is limited in depth, with low turnover and a reliance on single-family housing stock.
The economy is largely supported by agriculture, local government, and small-scale retail in the nearby Andalusia area.
Transportation is entirely road-based, with no public transit infrastructure serving the area.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The Covington County Revenue Commissioner handles property assessments based on annual market value updates.
Parcels are served by the Covington County School District and standard county-level utility and emergency service districts.
Property insurance premiums are influenced by flood zone proximity to the Conecuh River and general regional wind exposure.
Net domestic migration in the region is stable with modest growth trends.
Alabama is a non-judicial foreclosure state, allowing for relatively efficient lender recovery processes.
Alabama is a caveat emptor (buyer beware) state, with limited mandatory seller disclosure requirements.
Data retrieved from data.census.gov for ZCTA 36476.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Andalusia Animal Adventures4.93.9 mi
- Clark Cinema Andalusia4.44.5 mi
- Build A Dream Park4.55.4 mi
- Robinson Park4.34.1 mi
- Andalusia Town Square4.64.6 mi
- Sweet South Market4.812.2 mi
- West Gate Plaza Shopping Center43.8 mi
- Wages Produce Market4.20.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A reservoir on the Conecuh River popular for fishing and boating.
Provides scenic waterfront and recreational access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.