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Hanceville, AL
Full City Profile · Alabama · Cullman County County
2.7
/5.0
C+
Fair
3,255
Population
738/sq mi density
$39,894
Median Income
$24,074 per capita
$164,500
Home Value
$208,293 Zillow
$744
Median Rent
37.9% income on rent
60°F
Avg Temperature
301 sunny days/yr
279
Violent Crime/100K
3,874 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$39,894 median income, 2.6% unemployment
A
Affordability
4.4 / 5.0
$164,500 home value, $744/mo rent
F
Safety
1.0 / 5.0
279 violent crimes/100K
D
Education
2.0 / 5.0
11.9% bachelor's degree or higher
Housing Overview
Median Home Value
$164,500
42% below
US avg: $281,900
Median Rent
$744/mo
36% below
US avg: $1,163/mo
Homeownership Rate
53.2%
19% below US avg (65.4%)
Total Housing Units
1,483
Median year built: 1989
Home Value by Source
Census Median
$164,500
Zillow (ZHVI)
$208,293
Median Sale Price
$185,000
Median List Price
$194,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
53.2%
Owner-Occupied
46.8%
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:
$744/mo
Market Indicators (Redfin)
Median Days on Market
126 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
35.7%
of listings with price reduction
Price Per Sq Ft
$141
Active Inventory
14
homes for sale
Affordability & Housing Stock
Rent Burden
37.9%
of renters spending 30%+ of income on housing
22% above US avg (31.0%)
Median Year Built
1989
Average age of housing stock: 37 years
Homeownership Rate
53.2%
Complete Housing Data
Home Values
| Census Median Value | $164,500 |
| Zillow Home Value (ZHVI) | $208,293 |
| Median Sale Price | $185,000 |
| Median List Price | $194,450 |
| Price Per Sq Ft | $141 |
Rent
| Census Median Rent | $744 |
| FMR Studio | $716 |
| FMR 1-Bedroom | $772 |
| FMR 2-Bedroom | $936 |
| FMR 3-Bedroom | $1,206 |
| FMR 4-Bedroom | $1,381 |
Market
| Days on Market | 126 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 35.7% |
| Homes Sold | 4 |
| Active Inventory | 14 |
| Price Per Sq Ft | $141 |
Ownership & Stock
| Owner-Occupied | 53.2% |
| Renter-Occupied | 46.8% |
| Homeownership Rate | 53.2% |
| Total Housing Units | 1,483 |
| Median Year Built | 1989 |
| Rent Burden | 37.9% |