Market Overview
Home Prices in Phenix City, AL
The median home value in Phenix City, AL is $214,768 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Phenix City are priced48% below average. Phenix City is part of the Columbus, GA-AL metro area.
Over the past five years, Phenix City home values have risen by approximately34.7%, reflecting strong long-term appreciation in this market.
Price History
Phenix City Home Price Trend
City Comparison
Phenix City vs. National Median
At $214,768, homes in Phenix City cost 48% below the national median of $410,000. This makes Phenix City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Phenix City?
20% Down Payment
$42,954
on $214,768
Monthly P&I
$1,120/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,422/mo
incl. taxes & insurance
Income Needed
$56,880
gross annual (30% rule)
10% Down Option
$21,477
+ PMI applies
Loan Amount (20% dn)
$171,814
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 Phenix City, AL?
The median home value in Phenix City is $214,768 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Phenix City?
Over the past year, home values in Phenix City have increased by 5.7%. Over five years, prices have risen approximately 34.7%.
How much do I need to earn to buy a home in Phenix City?
To comfortably afford the median home price of $214,768 with a 20% down payment ($42,954) at today's rates (6.8%), you'd need a gross annual income of approximately $56,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Phenix City compare to the national average home price?
The national median home value is approximately $410,000. At $214,768, homes in Phenix City are 48% below the national average.
What metro area is Phenix City part of?
Phenix City is part of the Columbus, GA-AL metropolitan area. Home prices and market conditions can vary across the broader metro region.