Fort Payne's real estate market is experiencing a price correction, with values down 22.0% from last year. Home prices have decreased 18.1% in the past month. With 2.1 months of supply, Fort Payne's inventory levels remain relatively tight. Transaction volume is up 114% compared to what's typically expected this time of year. A significant 31.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 26.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Fort Payne market with the affordability index at 104.2. Based on current market indicators, home prices in Fort Payne are projected to decrease by approximately 3.2% over the next month.
Fort Payne, AL has a total population of 17,309 residents. The area is predominantly White (67.1%), The area shows moderate demographic diversity. As a smaller community, Fort Payne, AL offers a close-knit residential environment.
Crime analysis for Fort Payne, AL shows 86 total incidents across all categories. The most prevalent crime type is Property Crime (58.1% of all incidents). This is followed by Assault at 39.5%. The crime rate in Fort Payne, AL is very low, with violent crimes being more common than property crimes. This suggests Fort Payne, AL is generally a safe area for residents and visitors.
Market predictions for Fort Payne, AL show an upward trend in home prices, with values increasing by 14.6%. This represents a significant price movement in the market. The current median home price in Fort Payne, AL is approximately $220,642.095. Based on current trends, home prices in Fort Payne, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Fort Payne, AL features 2 investment hotspots with varying levels of activity. The average nightly rate of $120 suggests an affordable market for travelers. Guest satisfaction is good with an average rating of 4.0/5. With an average hotspot score of 0.72, these areas show good investment opportunities. With only 8 hotels, this represents an emerging market with potential for growth.
Log in to view more
Average Price:
N/A
Max Price:
N/A
Average Rating:
N/A
Location Average Score:
N/A
Number Of Hotels:
N/A
✓ Free market analysis ✓ Cancel anytime
Disclaimer: All investment decisions involve risks, and the information provided by Pulsereal is for informational purposes only. We do not guarantee any specific outcomes, returns, or profitability. Users are encouraged to conduct their own due diligence and consult with a financial advisor or real estate professional before making any investment decisions. Pulsereal is not responsible for any losses or damages arising from the use of the platform or reliance on the provided information.
Copyright © 2025 Pulse Real LLC.