Market Overview
Home Prices in Elba, AL
The median home value in Elba, AL is $134,706 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0% compared to a year ago and up 0% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elba are priced67% below average. Elba is part of the Enterprise, AL metro area.
Over the past five years, Elba home values have risen by approximately15.2%, reflecting steady appreciation in this market.
Price History
Elba Home Price Trend
2020
$106,497
$106K
—
2021
$116,953
$117K
+9.8%
2022
$126,570
$127K
+8.2%
2023
$136,300
$136K
+7.7%
2024
$134,724
$135K
-1.2%
2025
$134,726
$135K
+0.0%
2026
$134,706
$135K
+-0.0%
City Comparison
Elba vs. National Median
🏠 Elba
$134,706
National Median
$410,000
At $134,706, homes in Elba cost 67% below the national median of $410,000. This makes Elba a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elba?
20% Down Payment
$26,941
on $134,706
Monthly P&I
$703/mo
30-yr @ 6.8%
Total Monthly Est.
~$893/mo
incl. taxes & insurance
Income Needed
$35,720
gross annual (30% rule)
10% Down Option
$13,471
+ PMI applies
Loan Amount (20% dn)
$107,765
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 Elba, AL?
The median home value in Elba is $134,706 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0% year-over-year.
How much have home prices changed in Elba?
Over the past year, home values in Elba have increased by 0%. Over five years, prices have risen approximately 15.2%.
How much do I need to earn to buy a home in Elba?
To comfortably afford the median home price of $134,706 with a 20% down payment ($26,941) at today's rates (6.8%), you'd need a gross annual income of approximately $35,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Elba compare to the national average home price?
The national median home value is approximately $410,000. At $134,706, homes in Elba are 67% below the national average.
What metro area is Elba part of?
Elba is part of the Enterprise, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.