Market Overview
Home Prices in Chancellor, AL
The median home value in Chancellor, AL is $200,894 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.5% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chancellor are priced51% below average. Chancellor is part of the Dothan, AL metro area.
Over the past five years, Chancellor home values have risen by approximately15.0%, reflecting steady appreciation in this market.
Price History
Chancellor Home Price Trend
City Comparison
Chancellor vs. National Median
At $200,894, homes in Chancellor cost 51% below the national median of $410,000. This makes Chancellor a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chancellor?
20% Down Payment
$40,179
on $200,894
Monthly P&I
$1,048/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,331/mo
incl. taxes & insurance
Income Needed
$53,240
gross annual (30% rule)
10% Down Option
$20,089
+ PMI applies
Loan Amount (20% dn)
$160,715
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 Chancellor, AL?
The median home value in Chancellor is $200,894 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.5% year-over-year.
How much have home prices changed in Chancellor?
Over the past year, home values in Chancellor have decreased by 2.5%. Over five years, prices have risen approximately 15.0%.
How much do I need to earn to buy a home in Chancellor?
To comfortably afford the median home price of $200,894 with a 20% down payment ($40,179) at today's rates (6.8%), you'd need a gross annual income of approximately $53,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Chancellor compare to the national average home price?
The national median home value is approximately $410,000. At $200,894, homes in Chancellor are 51% below the national average.
What metro area is Chancellor part of?
Chancellor is part of the Dothan, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.