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AL area data

Banks, AL

Banks, AL.

Population: 1,600 (Census ACS)

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
370.8 (+2.6% YoY)

Market activity

1-year forecast
-2.6%

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%

Schools

Total schools
1
Elementary schools
1
Middle schools
0
High schools
0

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
hurricane, lightning

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

Amenities

National parks within ~60 mi
3
Nearest national park
Tuskegee Institute National Historic Site (43 mi)
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
Avg hospital rating
3.1 / 5
Solar radiation rating
Good (4.7 kWh/m²/day)

Migration

Net migration
-33 tax filers

Housing stock

Median year housing built
1,984
Median annual property tax
$296
Mean commute to work
29 min
Households with broadband internet
56.3%

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

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

Data last updated

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

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