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  • Alabama Land and Real Estate Statics & Average Costs in 2021

    Resources for buying and selling land and real estate in Alabama

    RESOURCES FOR BUYING LAND & HOMES IN THE STATE OF Alabama

    Alabama is a southern state known for its great beaches and, most importantly, its dedication to the Alabama Crimson Tide football team. When it comes to buying and selling land in Alabama, there are many people interested in finding a great hunting property, a waterfront property in Gulf Shores, or perhaps just looking to take advantage of Southern Living.

    Alabama has some of the most affordable land for sale in the United States. You can also find extremely affordable homes for sale in Alabama, and our research below gives you everything you need to know when looking to buy or sell land in the State of Alabama.

    General Alabama Real Estate Statistics

    Population

    4.9 million

    GDP Per Capita

    $41,389

    Total Land Size

    52,419 mi²

    Largest City

    Birmingham

    Largest County

    Baldwin

    Largest University

    U of Alabama

    AVERAGE COSTS PER ACRE of Land IN Alabama

    COST PER ACRE IN Alabama BY YEAR

    Alabama COST PER ACRE VS. NATIONAL AVERAGE

    Cost per acre
    $3,500
    Alabama
    $4,442
    National AVG

    Number of Farms in Alabama

    40,600

    Average Farm Size in Alabama

    210 Acres

    Farmland in Alabama

    $3,500

    The average cost per acre for farmland in Alabama is 3500 in 2020

    pastures in Alabama

    $2,600

    The average cost per acre for pasture land in Alabama is 2,600 in 2020

    Cropland in Alabama

    $3,500

    The average cost per acre for cropland in Alabama is 3,500 in 2020

    Estimated total value of Alabama's Land

    $117 Billion

    Annual revenue from Alabama's agriculture commodities

    $6Billion

    Top earning crops and commodities in Alabama

    MOST EXPENSIVE Cities TO BUY Land & Homes

    • //01 Osage Beach $558,00
    • //02 Vestavia Hills $525,000
    • //03 Hoover $483,000
    • //04 Fairhope $451,000
    • //05 Gulf Shores $440,000

    Least EXPENSIVE Cities TO BUY Land & Homes

    • //01 Anniston $138,000
    • //02 Bessemer $160,000
    • //02 Millbrook $177,000
    • //02 Montgomery $178,000
    • //02 Calera $181,000
    %

    Real Estate Property tax rate in Alabama

    0.42%

    %

    Personal income tax rate in Alabama

    2%-5%

    #

    Number of tax brakcets in Alabama

    3 Tiers

    $

    Median home cost in Alabama

    $134,300

    The median home cost in the United States is $266,000

    $

    Average cost per square foot in Alabama

    $91

    The avg cost per square foot in the United States is $123

    $

    Average rental price in Alabama

    $792

    The median rental cost in the United States is $997

    Buy & Sell LAND & Homes IN Alabama

    General Alabama real estate statistics

    Alabama has a population of 4.9 million million people and a GDP per capita of 41,389.

    Alabama’s total land size is 52,419 mi² square miles.

    The largest city in Alabama is Miami, the largest county in Alabama is Dade County and the largest university in Alabama is Alabama University.

    Alabama Land Real Estate Statistics

    The estimated total value of land in the State of Alabama is $409 billion.

    A national study shows that the average cost of a home in is

    There are a total of 40,600 farms in the State of Alabama, and the average farm size is 210 acres.

    The Average Cost Per Acre of Farmland in Alabama is $3,500 while the national average is around $4,442. Here is a breakdown of Alabama's Average cost per farmland acre over the past 5 years:

  • Alabama Cost Per Acre in 2020 - $3500
  • Alabama Cost Per Acre in 2019 - $3343
  • Alabama Cost Per Acre in 2018 - $3300
  • Alabama Cost Per Acre in 2017 - $3170
  • Alabama Cost Per Acre in 2016 - $3080
  • In 2021, The average cost of cropland in Alabama is 3,500 per acre and you can expect to around $2,600 for pasture land.

    Alabama Agricultural Commodities and General Economy

    In total, the farming and agricultural industry generates around $6Billion per year. Poultry accounts for around 74% of Alabama's agricultural industry while Cattle and Cotton rank second and third.

    Statistics and Averages for Buying & Selling Real Estate in Alabama

    Alabama's property tax rate is Alabama and the state's personal income tax rate is Alabama.

    The average cost per square foot in Alabama is Alabama. The average cost per square foot in the State of Alabama is $91 and the average apartment rental cost is $792 per month.

    The 5 most expensive cities to buy homes in Alabama include:

    • //01 Osage Beach $558,00
    • //02 Vestavia Hills $525,000
    • //03 Hoover $483,000
    • //04 Fairhope $451,000
    • //05 Gulf Shores $440,000

    The 5 least expensive cities to buy homes in Alabama include:

    • //01 Anniston $138,000
    • //02 Bessemer $160,000
    • //02 Millbrook $177,000
    • //02 Montgomery $178,000
    • //02 Calera $181,000

    Sources

    Statista

    Experian

    United States Department of Agriculture

    Zillow Home Values

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