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Steele town, AL

ZIP 35987 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 35987

Median Home Value
$144,600
Median Rent
$433
Affordability Snapshot
$40,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$929/mo PITI).

7%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

27.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 35987 in Steele town, AL, a household would need roughly $40,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $929. That sits below the local median household income ($78,707), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
88.5%+35% vs US avg
x
Vacancy Rate
17.2%+67% vs US avg
x
Broadband Access
85.9%-1% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
9.2%-28% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
9.1%-82% vs US avg
x
Mortgage-Free
76.8%+101% vs US avg
x
$144,600
Home Value
$433
Rent
1980
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached72.5%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other27.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$144,600
Median rent$433
Owner-occupied88.5%
Vacant17.2%
Price-to-income1.8x
Est. income to buy$40,000