The story of this market
The typical home in ZIP 36461 sells for about $249,000, or $83 per square foot.
Prices are up +27.2% from a year ago, so sellers still have some momentum. Homes take about 97 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 36461 — Monroeville
The housing market in the 36461/36460 area is characterized by low inventory and moderate price growth, reflecting a stable but slow-moving rural economy. Prices have trended upward over the last year, though the market remains highly sensitive to local employment shifts and interest rate environments.
This ZIP is best suited for local workers, retirees, and those seeking affordable, small-town living in a historic Alabama community.
Median prices moved up 27.2% year over year.
Homes spend a median of 97 days on market with 5.8 months of supply — a slower-moving market.
15% 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 6.5% · poverty 19.0% — a mixed stability 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 9.0%/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 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 36461, Monroe County AL
Crime rates in Monroeville are generally consistent with rural Alabama averages, though specific localized data for PO Box-only ZIP 36461 is not independently tracked.
Schools serving the area are part of the Monroe County School District, which faces challenges typical of rural districts in the region regarding funding and standardized performance metrics.
The area is subject to standard regional risks including severe thunderstorms and occasional tropical weather impacts; flood risk is localized to specific low-lying areas near water bodies.
Economic momentum is driven by local manufacturing, timber, and agricultural sectors, with limited large-scale residential development currently reported.
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.
Commuting is primarily car-dependent, with residents traveling via local highways to reach employment hubs within Monroeville and surrounding Monroe County.
The area features access to local parks, historic sites related to the literary heritage of Monroeville, and proximity to outdoor recreational activities in the Alabama Black Belt.
The rental market is characterized by limited inventory and stable demand, primarily serving local workers and those seeking affordable housing options.
The economy is anchored by manufacturing, timber processing, and public sector employment, with a focus on regional agricultural support.
Transportation is almost exclusively via private vehicle, with no significant public transit infrastructure serving the area.
Development is currently focused on small-scale commercial and residential infill rather than large-scale master-planned projects.
The Monroe County Revenue Commissioner manages property assessments, typically following state-mandated cycles for valuation updates.
Parcels are served by the Monroe County School District and standard municipal utility providers.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common in Southern Alabama.
Alabama is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults.
Alabama follows a 'caveat emptor' (buyer beware) doctrine, though sellers must disclose known material defects.
Data derived from ZCTA-level ACS tables; PO Box-only ZIP code constraints apply.
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.
Historic site celebrating the literary history of Monroeville.
Provides local green space and community recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.