The story of this market
The typical home in ZIP 35487 sells for about $304,000, or $173 per square foot.
Prices are up +10.5% from a year ago, so sellers still have some momentum. Homes take about 45.9 days to sell. HUD's fair market rent for a two-bedroom is $1,790 a month.
ZIP 35487 — Tuscaloosa
ZIP 35487 is a unique institutional ZIP code dedicated entirely to the University of Alabama campus. Market data for this specific area is limited, so broader Tuscaloosa metro figures are used to reflect the regional housing environment. The local market is experiencing growth, driven by university activity and regional economic momentum.
This ZIP is uniquely suited for university students, faculty, and staff due to its status as a dedicated campus ZIP code.
Median prices moved up 10.5% year over year.
Homes spend a median of 46 days on market with 3.7 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 26.0% · poverty 0.0% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 35487, Tuscaloosa 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.
The ZIP is exclusively occupied by the University of Alabama campus, which serves as the primary educational anchor for the area.
The area is dominated by the University of Alabama, which serves as a major employer and economic driver for the region.
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.
The ZIP is located centrally within the University of Alabama campus, providing immediate access to university facilities and the broader Tuscaloosa employment core.
The area features extensive university-related amenities, including athletic facilities, campus green spaces, and proximity to downtown Tuscaloosa shopping and dining.
The rental market is heavily influenced by university student housing demand, resulting in a unique, institution-linked rental environment.
The economy is centered on the University of Alabama, which is the primary employer and industry driver for this specific ZIP code.
The area is served by local Tuscaloosa transit corridors and university-specific shuttle systems.
Development is primarily focused on university infrastructure and campus-related facilities.
The area is primarily governed by university-related administrative districts and municipal services provided by the City of Tuscaloosa.
Data retrieved from ZIP-level census profiles; specific housing metrics are limited due to the unique institutional nature of the ZIP.
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.
The flagship public research institution and primary anchor of the ZIP code.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.