The story of this market
The typical home in ZIP 35640 sells for about $282,250.
Prices are roughly flat from a year ago (-0.23%), a market in balance. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $801 a month.
ZIP 35640 — Hartselle
The housing market in 35640 is currently experiencing a cool, stable phase with a median listing price of approximately $282,250. While home prices have seen a slight year-over-year decline of 0.23%, the rental market has become more accessible with a 6.67% decrease in median rents. The area is characterized by a balanced pace of sales, though market conditions suggest that investors should exercise caution regarding maintenance and tenant selection.
This market is suited for those seeking stable, lower-priced housing, though investors should be cautious as the area requires careful tenant selection and maintenance planning.
Median prices moved down 0.2% year over year.
Homes spend a median of 48 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · poverty 12.9% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 35640, Morgan County AL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Current Use Valuation: Allows property to be taxed based on its current use value rather than fair market value, potentially reducing the tax burden. Conversion to a non-qualified use triggers revaluation and potential back-tax liability. State (Alabama) — Class III Residential Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by multiplying the assessed value by the local millage rate. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Class 3 Residential Property Tax Assessment: Residential property is classified as Class 3 and assessed at 10 percent of its fair market value. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala.
The rental market shows a year-over-year rent decrease of 6.67%, indicating more favorable leasing opportunities for tenants compared to the previous year.
The local economy is centered in Hartselle, Alabama, within Morgan County, with a mix of residential and commercial activity.
Data sourced from U.S. Census Bureau and ACS profiles for ZCTA 35640.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.