Market Overview
Home Prices in Geraldine, AL
The median home value in Geraldine, AL is $202,907 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.2% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Geraldine are priced51% below average. Geraldine is part of the Fort Payne, AL metro area.
Over the past five years, Geraldine home values have risen by approximately16.6%, reflecting steady appreciation in this market.
Price History
Geraldine Home Price Trend
City Comparison
Geraldine vs. National Median
At $202,907, homes in Geraldine cost 51% below the national median of $410,000. This makes Geraldine a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Geraldine?
20% Down Payment
$40,581
on $202,907
Monthly P&I
$1,058/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,344/mo
incl. taxes & insurance
Income Needed
$53,760
gross annual (30% rule)
10% Down Option
$20,291
+ PMI applies
Loan Amount (20% dn)
$162,326
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 Geraldine, AL?
The median home value in Geraldine is $202,907 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.2% year-over-year.
How much have home prices changed in Geraldine?
Over the past year, home values in Geraldine have decreased by 1.2%. Over five years, prices have risen approximately 16.6%.
How much do I need to earn to buy a home in Geraldine?
To comfortably afford the median home price of $202,907 with a 20% down payment ($40,581) at today's rates (6.8%), you'd need a gross annual income of approximately $53,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Geraldine compare to the national average home price?
The national median home value is approximately $410,000. At $202,907, homes in Geraldine are 51% below the national average.
What metro area is Geraldine part of?
Geraldine is part of the Fort Payne, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.