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Banks, AL
Full City Profile · Alabama · Pike County County
2.8
/5.0
C+
Fair
298
Population
150/sq mi density
$49,773
Median Income
$31,499 per capita
$1,057
Median Rent
35.3% income on rent
65°F
Avg Temperature
306 sunny days/yr
660
Violent Crime/100K
4,933 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$49,773 median income, 8.8% unemployment
A
Affordability
4.3 / 5.0
F
Safety
1.0 / 5.0
660 violent crimes/100K (74% above avg)
C+
Education
2.8 / 5.0
23.1% bachelor's degree or higher
Housing Overview
Median Rent
$1,057/mo
9% below
US avg: $1,163/mo
Homeownership Rate
83.1%
27% above US avg (65.4%)
Total Housing Units
128
Median year built: 1983
Ownership vs. Renting
83.1%
Owner-Occupied
16.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$716/mo
1 Bedroom
$772/mo
2 Bedroom
$936/mo
3 Bedroom
$1,206/mo
4 Bedroom
$1,381/mo
Census median rent:
$1,057/mo
Affordability & Housing Stock
Rent Burden
35.3%
of renters spending 30%+ of income on housing
14% above US avg (31.0%)
Median Year Built
1983
Average age of housing stock: 43 years
Homeownership Rate
83.1%
Complete Housing Data
Home Values
| Zillow Home Value (ZHVI) | $108,360 |
Rent
| Census Median Rent | $1,057 |
| FMR Studio | $716 |
| FMR 1-Bedroom | $772 |
| FMR 2-Bedroom | $936 |
| FMR 3-Bedroom | $1,206 |
| FMR 4-Bedroom | $1,381 |
Market
Ownership & Stock
| Owner-Occupied | 83.1% |
| Renter-Occupied | 16.9% |
| Homeownership Rate | 83.1% |
| Total Housing Units | 128 |
| Median Year Built | 1983 |
| Rent Burden | 35.3% |