Market Overview
Home Prices in Flat Rock, AL
The median home value in Flat Rock, AL is $204,455 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Flat Rock are priced50% below average. Flat Rock is part of the Scottsboro, AL metro area.
Over the past five years, Flat Rock home values have risen by approximately23.4%, reflecting strong long-term appreciation in this market.
Price History
Flat Rock Home Price Trend
City Comparison
Flat Rock vs. National Median
At $204,455, homes in Flat Rock cost 50% below the national median of $410,000. This makes Flat Rock a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Flat Rock?
20% Down Payment
$40,891
on $204,455
Monthly P&I
$1,066/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,354/mo
incl. taxes & insurance
Income Needed
$54,160
gross annual (30% rule)
10% Down Option
$20,446
+ PMI applies
Loan Amount (20% dn)
$163,564
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 Flat Rock, AL?
The median home value in Flat Rock is $204,455 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Flat Rock?
Over the past year, home values in Flat Rock have increased by 2.6%. Over five years, prices have risen approximately 23.4%.
How much do I need to earn to buy a home in Flat Rock?
To comfortably afford the median home price of $204,455 with a 20% down payment ($40,891) at today's rates (6.8%), you'd need a gross annual income of approximately $54,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Flat Rock compare to the national average home price?
The national median home value is approximately $410,000. At $204,455, homes in Flat Rock are 50% below the national average.
What metro area is Flat Rock part of?
Flat Rock is part of the Scottsboro, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.