Market Overview
Home Prices in Grand Bay, AL
The median home value in Grand Bay, AL is $219,927 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and down 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grand Bay are priced46% below average. Grand Bay is part of the Mobile, AL metro area.
Over the past five years, Grand Bay home values have risen by approximately24.4%, reflecting strong long-term appreciation in this market.
Price History
Grand Bay Home Price Trend
City Comparison
Grand Bay vs. National Median
At $219,927, homes in Grand Bay cost 46% below the national median of $410,000. This makes Grand Bay a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grand Bay?
20% Down Payment
$43,985
on $219,927
Monthly P&I
$1,147/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,457/mo
incl. taxes & insurance
Income Needed
$58,280
gross annual (30% rule)
10% Down Option
$21,993
+ PMI applies
Loan Amount (20% dn)
$175,942
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 Grand Bay, AL?
The median home value in Grand Bay is $219,927 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Grand Bay?
Over the past year, home values in Grand Bay have increased by 1.4%. Over five years, prices have risen approximately 24.4%.
How much do I need to earn to buy a home in Grand Bay?
To comfortably afford the median home price of $219,927 with a 20% down payment ($43,985) at today's rates (6.8%), you'd need a gross annual income of approximately $58,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Grand Bay compare to the national average home price?
The national median home value is approximately $410,000. At $219,927, homes in Grand Bay are 46% below the national average.
What metro area is Grand Bay part of?
Grand Bay is part of the Mobile, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.