Market Overview
Home Prices in McKenzie, AL
The median home value in McKenzie, AL is $123,074 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in McKenzie are priced70% below average.
Over the past five years, McKenzie home values have risen by approximately11.5%, reflecting steady appreciation in this market.
Price History
McKenzie Home Price Trend
2020
$98,798
$99K
—
2021
$110,362
$110K
+11.7%
2022
$120,256
$120K
+9.0%
2023
$116,894
$117K
-2.8%
2024
$117,188
$117K
+0.3%
2025
$117,551
$118K
+0.3%
2026
$123,074
$123K
+4.7%
City Comparison
McKenzie vs. National Median
🏠 McKenzie
$123,074
National Median
$410,000
At $123,074, homes in McKenzie cost 70% below the national median of $410,000. This makes McKenzie a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McKenzie?
20% Down Payment
$24,615
on $123,074
Monthly P&I
$642/mo
30-yr @ 6.8%
Total Monthly Est.
~$815/mo
incl. taxes & insurance
Income Needed
$32,600
gross annual (30% rule)
10% Down Option
$12,307
+ PMI applies
Loan Amount (20% dn)
$98,459
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 McKenzie, AL?
The median home value in McKenzie is $123,074 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in McKenzie?
Over the past year, home values in McKenzie have increased by 4.7%. Over five years, prices have risen approximately 11.5%.
How much do I need to earn to buy a home in McKenzie?
To comfortably afford the median home price of $123,074 with a 20% down payment ($24,615) at today's rates (6.8%), you'd need a gross annual income of approximately $32,600. This assumes keeping total housing costs at or below 30% of gross income.
How does McKenzie compare to the national average home price?
The national median home value is approximately $410,000. At $123,074, homes in McKenzie are 70% below the national average.