A typical Fredonia home is worth roughly $238,000
Home prices around Fredonia have risen about 41% over the past 5 years.
What kind of housing town is Fredonia?
Read from the numbers below. The page puts what stands out first.
Home prices up 41% in 5 years
The federal house price index for the ZIP codes around Fredonia rose 41% over the past 5 years, slower than across Alabama (47%). Last year prices rose 13%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Fredonia, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
What it takes to buy in Fredonia
Try your own numbers below.
That covers a typical Fredonia home, with $31K to spare.
A two-bedroom rents for about $980 a month here, $340 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Alabama typical property tax (0.38% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $980
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Chambers County, AL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
69% of Fredonia households own their home
Half of Fredonia’s homes were built before 1985.
Alabama: 70% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Neighbors talk housing
What Fredonia buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.