The story of this market
The typical home in ZIP 36474 sells for about $150,000, or $105 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $747 a month.
ZIP 36474 — Red Level
The 36474 housing market is characterized by low transaction volume and stagnant price growth, reflecting the broader economic challenges of rural Covington County. High days on market and limited inventory suggest a slow-moving market where buyers have little urgency. Current conditions are driven by a lack of local job growth and limited demand for residential real estate in the area.
This ZIP is best suited for local residents, retirees, or budget-conscious buyers seeking rural living, as it lacks the amenities and job density required by commuters or high-growth investors.
Median prices moved down 2.5% year over year.
Homes spend a median of 120 days on market with 7.3 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.4% · poverty 27.0% — 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 5.2%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 36474, 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.
Local schools are primarily served by the Covington County School District, with performance metrics generally reflecting rural Alabama averages.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity; flood risk varies by proximity to local waterways.
Economic momentum is limited, with the local economy primarily supported by agriculture, forestry, and small-scale retail services.
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 employment hubs like Andalusia or Greenville via state highways.
Recreation is centered on outdoor activities, including access to local parks, hunting, and fishing opportunities within the rural Covington County landscape.
The rental market is characterized by low inventory and modest demand, with limited turnover and a reliance on single-family home rentals.
The economy is driven by agriculture, timber, and small-town retail, with limited industrial or corporate presence.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure available.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The Covington County Revenue Commissioner manages property assessments, typically reassessing properties periodically to reflect market value changes.
Parcels are subject to Covington County school and general fund millage rates.
Property insurance premiums are influenced by regional wind and hail risk, with availability generally stable but costs rising in line with state trends.
Alabama is a non-judicial foreclosure state, allowing for relatively fast foreclosure processes upon default.
Alabama is a caveat emptor (buyer beware) state, meaning sellers have limited mandatory disclosure requirements regarding property condition.
Data retrieved from Census Bureau ZCTA profiles and Repit market reports.
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.
- Andalusia Animal Adventures4.910 mi
- Clark Cinema Andalusia4.410.6 mi
- Hank Williams Museum4.617.1 mi
- Build A Dream Park4.510.9 mi
- Robinson Park4.310.2 mi
- Andalusia Town Square4.610.6 mi
- West Gate Plaza Shopping Center49.9 mi
- Wages Produce Market4.26.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing basic outdoor recreation space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.