The story of this market
The typical home in ZIP 35016 sells for about $313,500, or $162 per square foot.
Homes take about 106 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $753 a month.
ZIP 35016 — Arab
The housing market in 35016 shows a median listing price of $313,500 with homes selling at approximately 94.1% of the asking price. Market activity remains steady with 129 active listings and a median of 106 days on market. Several metrics, including rent and specific tax data, are not currently published for this ZIP code.
The area is suitable for family buyers and those seeking a suburban lifestyle in northern Alabama, characterized by sustained buyer interest and a moderate price point.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 106 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 94.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 14.4% — a stable, low-distress profile.
ZCTA 35016, Marshall 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.
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.
Data sourced from US Census Bureau and ACS estimates.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).