A typical Skyline home is worth roughly $146,000
Home prices around Skyline have risen about 61% over the past 5 years.
What kind of housing town is Skyline?
Read from the numbers below. The page puts what stands out first.
A typical home costs 3.3 years of income
Less than across Alabama (3.8 years). Try your own numbers below.
That covers a typical Skyline home, with $40K to spare.
A two-bedroom rents for about $870 a month here, $70 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Skyline’s typical property tax (0.31% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Home prices up 61% in 5 years
The federal house price index for the ZIP codes around Skyline rose 61% over the past 5 years, faster than across Alabama (47%). Last year prices rose 2.4%. Carrying the Census median home value forward with that index puts the typical Skyline home at roughly $146,000 today.
Carrying the Census median forward with the index puts a typical home at about $146K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Skyline, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $870
Renters already here pay a median of $638, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Jackson County, AL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
85% of Skyline households own their home
Half of Skyline’s homes were built before 1980.
Alabama: 70% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Neighbors talk housing
What Skyline 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.