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AL area data

Banks, AL

Banks, AL.

Population: 1,600 (Census ACS)

The median home value in Banks, AL is $162,186 — down 2.0% over the past year. 1 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with hurricane, lightning the top-rated hazards. Cost of living is 12.1% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$162,186

Median home value

-2.0%

1-year change

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$162,186
1-year appreciation
-2.0%
3-year appreciation
-3.9%
5-year appreciation
+2.0%
10-year appreciation
+22.8%
All-time peak (2022-08)
$178,887
House Price Index (state)
370.8 (+2.6% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

For-sale inventory
8
1-year forecast
-2.6%

Source: recent area sales and market data (ZIP-level)

Affordability

Cost of living index (Low)
87.9 (100 = US avg)
Electricity rate (state-level)
16.1¢/kWh
Natural gas rate (state-level)
$17.60/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
1
Elementary schools
1
Middle schools
0
High schools
0
Schools include
Banks School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
hurricane, lightning
Notable hazard ratings (county)
drought: Relatively Low · heatWave: Relatively Low · hurricane: Relatively Moderate · inlandFlooding: Relatively Low · landslide: Relatively Low · lightning: Relatively Moderate
Wildfire risk to homes (county)
Higher than 44% of US counties
Buildings in wildfire direct-exposure zone
77.0%
Radon potential (county)
Low radon potential — EPA Zone 3 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
65.5°F
Average high
76.5°F
Average low
54.5°F
Annual precipitation
55.9 in
USDA plant hardiness zone
8b (extreme annual low 15 to 20°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

National parks within ~60 mi
3
Nearest national park
Tuskegee Institute National Historic Site (43 mi)
National parks include
Tuskegee Institute National Historic Site, Tuskegee Airmen National Historic Site, Selma To Montgomery National Historic Trail
Airports within 30 mi
13
Nearest airport
Troy Municipal Airport at N Kenneth Campbell Field (TOI) (5 mi)
Nearest major airport
Troy Municipal Airport at N Kenneth Campbell Field (TOI) (5 mi)
Hospitals nearby (~15 mi)
1,090
Hospitals include
MIZELL MEMORIAL HOSPITAL, CRENSHAW COMMUNITY HOSPITAL, CRENSHAW COMMUNITY HOSPITAL
Avg hospital rating (CMS)
3.1 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Good (4.7 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-33 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,984
Housing built before 1970
22.8%
Housing built 2000 or later
26.4%
Median annual property tax
$296
Mean commute to work
29 min
Households with broadband internet
56.3%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
12,093
Average weekly wage
$915
Top industries (by employment)
Accommodation & Food, Health Care, Professional Services
Annual residential building permits (county)
43

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

BanksState medianUS median
Median home value$162,186$202,644$289,727
Median annual property tax$296$514$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Banks, AL?
$162,186.
What is the natural-hazard risk in Banks, AL?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: hurricane, lightning.
What is the wildfire risk in Banks, AL?
Risk to homes is higher than 44% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Banks, AL?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Banks, AL?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Banks, AL?
1 schools (1 elementary) (NCES, 2022-23).
What is the cost of living in Banks, AL?
Regional Price Parity: 87.9 (100 = US average) (Low) (BEA RPP, metro/state-level).

ZIP code for Banks

Selling a home in Banks, AL?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents