Market Overview
Home Prices in Gadsden, AL
The median home value in Gadsden, AL is $120,360 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gadsden are priced71% below average. Gadsden is part of the Gadsden, AL metro area.
Over the past five years, Gadsden home values have risen by approximately14.6%, reflecting steady appreciation in this market.
Price History
Gadsden Home Price Trend
2020
$95,819
$96K
—
2021
$105,035
$105K
+9.6%
2022
$118,653
$119K
+13.0%
2023
$114,306
$114K
-3.7%
2024
$115,075
$115K
+0.7%
2025
$114,744
$115K
-0.3%
2026
$120,360
$120K
+4.9%
City Comparison
Gadsden vs. National Median
🏠 Gadsden
$120,360
National Median
$410,000
At $120,360, homes in Gadsden cost 71% below the national median of $410,000. This makes Gadsden a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gadsden?
20% Down Payment
$24,072
on $120,360
Monthly P&I
$628/mo
30-yr @ 6.8%
Total Monthly Est.
~$798/mo
incl. taxes & insurance
Income Needed
$31,920
gross annual (30% rule)
10% Down Option
$12,036
+ PMI applies
Loan Amount (20% dn)
$96,288
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 Gadsden, AL?
The median home value in Gadsden is $120,360 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Gadsden?
Over the past year, home values in Gadsden have increased by 4.9%. Over five years, prices have risen approximately 14.6%.
How much do I need to earn to buy a home in Gadsden?
To comfortably afford the median home price of $120,360 with a 20% down payment ($24,072) at today's rates (6.8%), you'd need a gross annual income of approximately $31,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Gadsden compare to the national average home price?
The national median home value is approximately $410,000. At $120,360, homes in Gadsden are 71% below the national average.
What metro area is Gadsden part of?
Gadsden is part of the Gadsden, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.