Market Overview
Home Prices in Goodwater, AL
The median home value in Goodwater, AL is $141,293 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and down 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Goodwater are priced66% below average. Goodwater is part of the Alexander City, AL metro area.
Over the past five years, Goodwater home values have risen by approximately5.4%, reflecting steady appreciation in this market.
Price History
Goodwater Home Price Trend
City Comparison
Goodwater vs. National Median
At $141,293, homes in Goodwater cost 66% below the national median of $410,000. This makes Goodwater a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Goodwater?
20% Down Payment
$28,259
on $141,293
Monthly P&I
$737/mo
30-yr @ 6.8%
Total Monthly Est.
~$936/mo
incl. taxes & insurance
Income Needed
$37,440
gross annual (30% rule)
10% Down Option
$14,129
+ PMI applies
Loan Amount (20% dn)
$113,034
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 Goodwater, AL?
The median home value in Goodwater is $141,293 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Goodwater?
Over the past year, home values in Goodwater have increased by 4.1%. Over five years, prices have risen approximately 5.4%.
How much do I need to earn to buy a home in Goodwater?
To comfortably afford the median home price of $141,293 with a 20% down payment ($28,259) at today's rates (6.8%), you'd need a gross annual income of approximately $37,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Goodwater compare to the national average home price?
The national median home value is approximately $410,000. At $141,293, homes in Goodwater are 66% below the national average.
What metro area is Goodwater part of?
Goodwater is part of the Alexander City, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.