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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +6.0% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +5.0% YoY, is the number to watch.
The median listing price is up 6.0% YoY while the median home got down 0.7% bigger, so value per square foot is up 8.1%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $575K purchase rents for $2,300/mo: 0.40% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 6 BR (sale only, no matching rent).
Sales here take about 21 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 35244 itself, not its parent county.
Renters hold 29.6% of this ZIP's 15,272 occupied households, on a median household income of $113K.
| Measure | ZIP 35244 | Jefferson County | Difference |
|---|---|---|---|
| Median Household Income | $113K | $66K | +$47K |
| Below Poverty Level | 4.2% | 15.7% | -11.5% |
| Median Age | 38.20 | 37.70 | +0.50 |
| Total Population | 38,217 | 667,755 | -- |
| Avg Household Size | 2.49 | 2.40 | +0.09 |
| Owner-Occupied | 70.4% | 63.9% | +6.5% |
| Worked From Home | 19.9% | 11.1% | +8.8% |
| Mean Commute | 24.60 | 24.10 | +0.50 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.3% to 667,755: residents under 18 are down 0.6% and those 65 and over are up 1.7%.
County median household income is $66K, 15.7% of residents are below the poverty level, 11.1% work from home.