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 →