The story of this market
The typical home in ZIP 36562 sells for about $199,226, or $115 per square foot.
Prices are roughly flat from a year ago (-0.9%), a market in balance. Homes take about 67 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 36562 — Perdido
The housing market in 36562 is characterized by soft demand and high vacancy rates compared to broader regional trends. Prices have remained relatively flat with a slight year-over-year decline, reflecting the economic volatility of the local employment base. Buyers and investors should approach this market with caution due to the limited inventory turnover and lower median household income levels.
This area is best suited for those seeking rural affordability, though investors should exercise caution due to higher vacancy rates and lower median incomes.
Median prices moved down 0.9% year over year.
Homes spend a median of 67 days on market with 4.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 27.3% — a mixed stability profile.
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 4.3%/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 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 36562, Baldwin 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.
The area faces standard regional risks for wind and storm events common to the Alabama Gulf Coast region.
Employment concentration in the area leans toward sectors with higher volatility, impacting local economic momentum.
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.
Commute times are generally longer due to the rural nature of the Perdido area, requiring travel to larger employment hubs.
Local recreation is primarily focused on outdoor activities, with limited immediate access to major shopping or urban entertainment districts.
The rental market shows higher vacancy pressure at 15.9%, suggesting a softer demand environment for investors.
The local economy is largely driven by agriculture and regional service sectors with limited large-scale industrial anchors.
Transportation is heavily reliant on personal vehicles with no significant public transit infrastructure.
No major large-scale commercial or residential developments are currently reported for this rural ZIP.
Baldwin County assessment is conducted annually with a focus on market value adjustments.
Parcels are subject to standard county and school district tax levies.
Property insurance premiums are influenced by regional wind and flood risk profiles common to Baldwin County.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
Provides local access to fishing and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.