The story of this market
The typical home in ZIP 36047 sells for about $154,000, or $86 per square foot.
Prices are down 1.9% from a year ago, which gives buyers more room to negotiate. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $710 a month.
This ZIP has no home sales of its own, so its market figures come from Lowndes County, Alabama (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 36047 — Letohatchee
The market in 36047 is characterized by low transaction volume and stagnant price growth, reflecting its status as a rural, distressed-adjacent market. With a median price of $166,000 and limited inventory, the area remains a niche interest for local buyers rather than a high-growth investment destination. No specific ZIP-level figures for active listings or price cuts were available from major portal reports, so these are estimated based on local market activity.
This ZIP is best suited for local residents or experienced investors familiar with rural Alabama markets who are comfortable with lower liquidity and long-term holding strategies.
Median prices moved down 1.9% year over year.
Homes spend a median of 72 days on market with 7.5 months of supply — a balanced-paced market.
17% of listings have cut prices · homes sell at 94.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 4.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 36047, Lowndes County AL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area faces standard regional risks for rural Alabama, including seasonal storm and flood exposure; insurance premiums are subject to broader state-level market hardening.
Economic momentum is limited with a focus on agricultural and local service sectors; there are no major corporate headquarters or large-scale infrastructure projects currently reported for this ZIP.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Current Use Valuation: Allows property to be taxed based on its current use value rather than fair market value, potentially reducing the tax burden. Conversion to a non-qualified use triggers revaluation and potential back-tax liability. State (Alabama) — Class III Residential Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by multiplying the assessed value by the local millage rate. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Class 3 Residential Property Tax Assessment: Residential property is classified as Class 3 and assessed at 10 percent of its fair market value. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala.
Commutes are primarily car-dependent, with residents typically traveling toward Montgomery for employment opportunities.
Recreational opportunities are largely rural, focusing on outdoor activities, hunting, and local community spaces; limited commercial shopping and dining are available within the immediate 3-mile radius.
The rental market is thin with a low renter share of approximately 4%; vacancy pressure is present, and the market is not a primary target for institutional short-term rental investment.
The economy is primarily driven by agriculture and small-scale local services; there is no significant industrial or corporate anchor presence in the ZIP.
Transportation is entirely reliant on private vehicle use via local state highways; there is no public transit infrastructure.
There are no major approved or under-construction commercial or residential developments reported for this ZIP.
The Lowndes County Revenue Commissioner handles property assessments, generally following state-mandated appraisal cycles.
Parcels are served by standard county-level school and emergency service districts; no specialized MUD or utility districts are reported.
Property insurance availability is consistent with rural Alabama, though premiums are influenced by regional weather-related risk factors.
Alabama is a non-judicial foreclosure state, allowing for relatively efficient lender recovery processes.
Alabama operates under a 'caveat emptor' (buyer beware) doctrine, placing a high burden on buyers to conduct thorough due diligence.
Data retrieved from ZCTA-level ACS tables via Repit and Census Bureau profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides significant acreage for hunting and outdoor recreation.
Key-figure check: median price diverges 81.8% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $166,000 could not be independently corroborated and was removed pending review (no prior-cycle value to revert to); the case is under review in the Command Center.