A typical Walnut Grove home is worth roughly $131,000
Home prices around Walnut Grove have risen about 54% over the past 5 years.
What kind of housing town is Walnut Grove?
Read from the numbers below. The page puts what stands out first.
Home prices up 54% in 5 years
The federal house price index for the ZIP code around Walnut Grove rose 54% over the past 5 years, faster than across Alabama (47%). Last year prices rose 17%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Walnut Grove, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
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 Walnut Grove home, with $37K to spare.
A two-bedroom rents for about $1,020 a month here, $290 more 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 $1,020
Renters already here pay a median of $550, 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 (Birmingham-Hoover, AL HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
81% of Walnut Grove households own their home
Half of Walnut Grove’s homes were built before 1987.
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 Walnut Grove 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.