Market Overview
Home Prices in Alabaster, AL
The median home value in Alabaster, AL is $306,843 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and up 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alabaster are priced25% below average. Alabaster is part of the Birmingham-Hoover, AL metro area.
Over the past five years, Alabaster home values have risen by approximately22.6%, reflecting strong long-term appreciation in this market.
Price History
Alabaster Home Price Trend
City Comparison
Alabaster vs. National Median
At $306,843, homes in Alabaster cost 25% below the national median of $410,000. This makes Alabaster a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alabaster?
20% Down Payment
$61,369
on $306,843
Monthly P&I
$1,600/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,032/mo
incl. taxes & insurance
Income Needed
$81,280
gross annual (30% rule)
10% Down Option
$30,684
+ PMI applies
Loan Amount (20% dn)
$245,474
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alabaster, AL?
The median home value in Alabaster is $306,843 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Alabaster?
Over the past year, home values in Alabaster have increased by 2.9%. Over five years, prices have risen approximately 22.6%.
How much do I need to earn to buy a home in Alabaster?
To comfortably afford the median home price of $306,843 with a 20% down payment ($61,369) at today's rates (6.8%), you'd need a gross annual income of approximately $81,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Alabaster compare to the national average home price?
The national median home value is approximately $410,000. At $306,843, homes in Alabaster are 25% below the national average.
What metro area is Alabaster part of?
Alabaster is part of the Birmingham-Hoover, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.