Gadsden
Alabama · Ranked #123 of 373 metros
84Affordable
💡
Housing in Gadsden costs 3.61× the median income, below the national average of 4.5×. The median home price is $188K and median rent is $760/month. Gadsden ranks #123 of 373 metros for affordability.
Median Home Price
🏠$188K
Need $56K income
Median Rent
🔑$760
Need $30K income
Building Permits
🔨133
annual
Median Income
💰$52K
Pop: 101,268
Rent Burden
⚠️23.4%
of renters paying >30%
Homeownership
🏡75.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Gadsden | National |
|---|---|---|
| Price-to-Income Ratio | 3.61x | 6.1x |
| Rent Burden | 23.4% | 31.5% |
| Homeownership Rate | 75.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +71%Since 2000: +153%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$639/mo
1 Bedroom$792/mo
2 Bedroom$927/mo
3 Bedroom$1,124/mo
4 Bedroom$1,304/mo
Zillow Market Data
Home Value (ZHVI)
$179K
1yr: +3.2%5yr: +31.6%
Redfin Market Activity
Median Sale Price
$248K
Active Inventory
323
Days on Market
62
Sold Above List
29.7%
Price Drops
24.1%