31516 Housing Market

$218,122

2.8% 1-yr

The average 31516 home value is $218,122, up 2.8% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

31516 Key Takeaways

Typical Home Values: $218,122

1-year Value Change: +2.8%

(Data through January 31, 2026)

31516 Housing Market Overview

1.4%1-year Market Forecast(January 31, 2026)

60For sale inventory(January 31, 2026)

8New listings(January 31, 2026)

--Median sale to list ratio

--Median sale price(December 31, 2025)

$291,333Median list price(January 31, 2026)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
31501$132,515
31557$191,689
31556--
31551$224,413
31542$208,981
31518$204,255
31503$163,136
31560$200,247
31553$167,697

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31516 Homes for Sale

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31516 Rental Market Trends

--Average rent in 31516

$1,895National average rent(January 31, 2026)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.