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Banks town, AL

ZIP 36005 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 36005

Median Home Value
$101,000
Median Rent
$617
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$649/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 36005 in Banks town, AL, a household would need roughly $28,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $649. That sits below the local median household income ($46,042), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 28% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
83.0%+27% vs US avg
x
Vacancy Rate
28.5%+176% vs US avg
x
Broadband Access
76.2%-12% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
3.4%-50% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
72.7%+90% vs US avg
x
$101,000
Home Value
$617
Rent
1985
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached58.2%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other41.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$101,000
Median rent$617
Owner-occupied83.0%
Vacant28.5%
Price-to-income2.2x
Est. income to buy$28,000