Market Overview
Home Prices in Chelsea, AL
The median home value in Chelsea, AL is $386,638 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chelsea are priced6% below average. Chelsea is part of the Birmingham-Hoover, AL metro area.
Over the past five years, Chelsea home values have risen by approximately19.1%, reflecting steady appreciation in this market.
Price History
Chelsea Home Price Trend
City Comparison
Chelsea vs. National Median
At $386,638, homes in Chelsea cost 6% below the national median of $410,000. This makes Chelsea a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Chelsea?
20% Down Payment
$77,328
on $386,638
Monthly P&I
$2,016/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,560/mo
incl. taxes & insurance
Income Needed
$102,400
gross annual (30% rule)
10% Down Option
$38,664
+ PMI applies
Loan Amount (20% dn)
$309,310
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 Chelsea, AL?
The median home value in Chelsea is $386,638 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Chelsea?
Over the past year, home values in Chelsea have increased by 0.9%. Over five years, prices have risen approximately 19.1%.
How much do I need to earn to buy a home in Chelsea?
To comfortably afford the median home price of $386,638 with a 20% down payment ($77,328) at today's rates (6.8%), you'd need a gross annual income of approximately $102,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Chelsea compare to the national average home price?
The national median home value is approximately $410,000. At $386,638, homes in Chelsea are 6% below the national average.
What metro area is Chelsea part of?
Chelsea is part of the Birmingham-Hoover, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.