The story of this market
The typical home in ZIP 35973 sells for about $245,000, or $142 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 35973 — Gaylesville
The housing market in 35973 remains stable with low inventory and modest price appreciation driven by local demand. Sales volume is limited by the rural nature of the area, resulting in a balanced but slow-moving market environment.
This ZIP is best suited for retirees, outdoor enthusiasts, and families seeking a quiet, rural lifestyle with affordable housing costs.
Median prices moved up 2.4% year over year.
Homes spend a median of 68 days on market with 7.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.4% · poverty 10.8% — 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 6.8%/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 5.1%/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 35973, Cherokee 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.
Crime rates in Gaylesville are generally low and consistent with rural Cherokee County, with no significant upward trends reported.
Schools serving the area are part of the Cherokee County School District, which provides standard rural educational services with moderate performance ratings.
The area is subject to standard regional risks including severe thunderstorms and occasional flooding near the Coosa River basin.
Economic momentum is primarily driven by local agriculture, small-scale manufacturing, and proximity to Weiss Lake tourism.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. 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. Code § 40-8-1 and the Alabama Constitution.
Commutes are primarily car-dependent, with residents traveling to nearby employment hubs like Centre or Gadsden via state highways.
The area is defined by its proximity to Weiss Lake, offering extensive fishing, boating, and outdoor recreation opportunities.
The rental market is limited with low turnover and a high share of long-term residential leases rather than short-term vacation rentals.
The local economy is anchored by agriculture, forestry, and small-business services, with many residents commuting to larger industrial employers in neighboring counties.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure available in this rural geography.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The Cherokee County Revenue Commissioner manages property assessments, typically reassessing properties periodically to reflect market value changes.
Parcels are subject to county-wide school and general fund taxes, with no significant MUD or PID districts present.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common in Northeast Alabama.
The state continues to see modest net domestic migration gains, particularly from neighboring states in the Southeast.
Alabama is a non-judicial foreclosure state, allowing for relatively efficient lender recovery processes following default.
Alabama is a caveat emptor (buyer beware) state, placing the burden of property inspection and discovery primarily on the buyer.
Data retrieved from data.census.gov ZCTA-level 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.
- Pirates Bay Waterpark Leesburg4.514.2 mi
- Vintage 18894.411.6 mi
- DeSoto State Park4.810.7 mi
- Little River Canyon National Preserve4.85.2 mi
- James H. "Sloppy" Floyd State Park4.712.6 mi
- Little River Canyon Falls Park4.95.6 mi
- Grace's High Falls - Seasonal4.47.9 mi
- Desoto Falls Picnic Area-DeSoto State Park4.813.3 mi
- Paradise Garden Foundation4.616.5 mi
- Alabama Fan Club And Museum4.612 mi
- Mountain Cove Farms Resort4.519.3 mi
- House of Dreams4.916.9 mi
- DeSoto State Park4.810.7 mi
- Little River Canyon National Preserve4.85.2 mi
- James H. "Sloppy" Floyd State Park4.712.6 mi
- Little River Canyon Falls Park4.95.6 mi
- Little River Canyon Center4.95.9 mi
- Little River Landing4.610.6 mi
- Hammers Department Store4.211.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional reservoir known for world-class crappie fishing and boating.
Local community space for outdoor gatherings and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.