Market Overview
Home Prices in Anderson, AL
The median home value in Anderson, AL is $225,332 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and down 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Anderson are priced45% below average. Anderson is part of the Florence-Muscle Shoals, AL metro area.
Over the past five years, Anderson home values have risen by approximately20.2%, reflecting strong long-term appreciation in this market.
Price History
Anderson Home Price Trend
City Comparison
Anderson vs. National Median
At $225,332, homes in Anderson cost 45% below the national median of $410,000. This makes Anderson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Anderson?
20% Down Payment
$45,066
on $225,332
Monthly P&I
$1,175/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,492/mo
incl. taxes & insurance
Income Needed
$59,680
gross annual (30% rule)
10% Down Option
$22,533
+ PMI applies
Loan Amount (20% dn)
$180,266
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 Anderson, AL?
The median home value in Anderson is $225,332 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Anderson?
Over the past year, home values in Anderson have increased by 1.1%. Over five years, prices have risen approximately 20.2%.
How much do I need to earn to buy a home in Anderson?
To comfortably afford the median home price of $225,332 with a 20% down payment ($45,066) at today's rates (6.8%), you'd need a gross annual income of approximately $59,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Anderson compare to the national average home price?
The national median home value is approximately $410,000. At $225,332, homes in Anderson are 45% below the national average.
What metro area is Anderson part of?
Anderson is part of the Florence-Muscle Shoals, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.