The story of this market
The typical home in ZIP 36471 sells for about $145,000, or $98 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $781 a month.
ZIP 36471 — Peterman
The housing market in 36471 remains stable with low inventory and modest price appreciation. Demand is driven by local residents and limited supply, resulting in a balanced market environment with little speculative activity.
This ZIP is best suited for local families, retirees, and those seeking a quiet, low-cost rural lifestyle with proximity to regional agricultural centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 82 days on market with 5.6 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 3.7% · poverty 20.7% — 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 4.8%/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 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 36471, Covington 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 this rural area remain low compared to state and national averages, with property crime being the primary concern.
Schools serving the area are part of the local county district, generally characterized by small class sizes and limited extracurricular offerings.
The area is subject to standard regional risks including severe thunderstorms and occasional high winds; flood risk is localized to specific low-lying areas.
Economic momentum is modest, driven primarily by local agriculture, forestry, and small-scale retail, with limited new industrial development.
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.
Commutes are primarily car-dependent, with residents traveling to nearby regional hubs for employment via state highways.
Recreation is centered on outdoor activities including local parks, hunting, and fishing opportunities in the surrounding rural landscape.
The rental market is characterized by low turnover and limited inventory, with most units being single-family homes or small multi-family properties.
The local economy is anchored by agriculture, timber, and small-business services, with limited large-scale industrial presence.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure available in this rural ZIP.
There are no major commercial or residential developments currently approved or under construction in this area.
The county appraisal district conducts periodic assessments to determine property values for tax purposes.
Parcels are subject to standard county and school district tax levies, with no significant MUD or PID presence.
Property insurance premiums are influenced by regional weather risks, with availability generally stable for standard residential structures.
Data retrieved from US Census Bureau ACS tables for ZCTA 36471.
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.
Provides basic recreational space and playground facilities for residents.
Extensive access to rural land for seasonal hunting and outdoor activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.