The story of this market
The typical home in ZIP 35043 sells for about $392,833, or $174 per square foot.
Prices are roughly flat from a year ago (+1%), a market in balance. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,322 a month.
ZIP 35043 — Chelsea
The 35043 housing market remains stable with moderate price growth and consistent demand from families. While inventory levels are sufficient, the market is characterized by competitive bidding for well-priced homes. Some figures, such as specific months of supply and precise price-cut percentages, are based on current portal estimates as official ZIP-level monthly reports were not available.
This ZIP is ideal for families and professionals working in the Birmingham metro area who prioritize high-quality schools, a suburban lifestyle, and newer housing stock.
Median prices moved up 1.0% year over year.
Homes spend a median of 45 days on market with 4.6 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 4.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 35043, Shelby 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.
Chelsea is generally considered a safe, family-oriented community with crime rates significantly lower than the Alabama and national averages.
The area is served by the Shelby County School District, which is highly regarded for its academic performance and well-rated public schools.
The region is subject to standard Alabama weather risks, including severe thunderstorms and occasional tornadoes; flood risk is generally low but varies by specific parcel location.
Chelsea has experienced significant residential growth due to its proximity to Birmingham, with ongoing development of new subdivisions and supporting retail infrastructure.
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.
Residents primarily commute by car to the Birmingham metropolitan area, with typical drive times ranging from 30 to 45 minutes depending on traffic.
The area features several community parks, including Chelsea Park and the nearby Dunnavant Valley greenways, with local shopping and dining concentrated along Highway 280.
The rental market is characterized by low vacancy rates and high demand from families seeking suburban living, with limited multi-family inventory.
The local economy is largely driven by the service, retail, and education sectors, with many residents commuting to major employers in the Birmingham metro area.
Transportation is heavily reliant on private vehicles, with Highway 280 serving as the primary arterial corridor for regional access.
Development is focused on expanding residential capacity through new subdivisions and improving local infrastructure to accommodate population growth.
The Shelby County Tax Assessor manages property valuations, utilizing a mass appraisal system to determine fair market value for tax purposes.
Parcels are subject to Shelby County school taxes and various municipal service districts within the city of Chelsea.
Property insurance premiums are influenced by regional weather patterns, with standard coverage for wind and hail being essential for homeowners.
Data retrieved from data.census.gov ZCTA 35043 profile tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A large community park featuring walking trails, playgrounds, and sports fields.
A scenic trail system popular for hiking and outdoor recreation.
A primary retail hub serving the local community with various dining and service options.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).