US5.com
  1. Home
  2. States
  3. Alabama
  4. ZIP 36740
  5. Housing & Real Estate
Forkland town, AL

ZIP 36740 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 36740

Median Home Value
$96,300
Median Rent
$333
Affordability Snapshot
$27,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$619/mo PITI).

8%
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.

24.1 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 36740 in Forkland town, AL, a household would need roughly $27,000 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 $619. That sits below the local median household income ($52,875), 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 31% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.9%+22% vs US avg
x
Vacancy Rate
30.8%+199% vs US avg
x
Broadband Access
75.5%-13% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
2.4%-82% vs US avg
x
Built Post-2014
3.5%-49% vs US avg
x
Rent Burden >30%
7.2%-85% vs US avg
x
Mortgage-Free
73.3%+92% vs US avg
x
$96,300
Home Value
$333
Rent
1985
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached56.3%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other43.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$96,300
Median rent$333
Owner-occupied79.9%
Vacant30.8%
Price-to-income1.8x
Est. income to buy$27,000