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Colbert County, AL

RANK #316 / 996  ·  POP 57,270  ·  AL

PROJECTED GROWTH: +1.5%

Colbert County combines solid growth with real affordability — a rare combination.

[01] Why Colbert County?

Colbert County, Alabama, is widely recognized for its musical heritage, particularly in Muscle Shoals, home to iconic recording studios like FAME Studios and Muscle Shoals Sound Studio, where legendary artists recorded. Located in the northwest corner of Alabama along the Tennessee River, the county seat is Tuscumbia, also known as the birthplace of Helen Keller. The area offers a small-town atmosphere with access to natural beauty, including riverfront parks, golf courses, and wildlife preserves. The county also provides public transportation through a demand-response Dial-a-Ride program. Life in Colbert County is often characterized by a close-knit, small-town environment, attracting many retirees. The public schools in Colbert County are above average, with some elementary schools ranking highly within the state. The economy is supported by a strong industrial base, including manufacturing, and recent defense manufacturing investments are projected to create new jobs. The presence of the University of North Alabama in the broader Shoals area also contributes to the local economy through employment and student spending.

[02] Market Snapshot

Housing Ratio
3.0x

Undervalued relative to economy

GDP Growth
+2.1%

Below national median

Home Prices
+1.1%

Below national median

Climate & Terrain
0.7

Moderate climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.0x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Colbert County U.S. National

The Numbers

DEMOGRAPHICS
Population
57,270
+0.85% YoY
Median Household Income
$56,149
Median Home Value
$148,500
+1.15% 12mo
Median Rent
$810
Average Annual Pay
$58,010
+2.4% YoY
Employment
24,495
+1.3% YoY
Income-to-Home-Value
0.3781
More affordable than average
Migration Inflow
3.15%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$250,000
Days on Market
76
Slower market
Months of Supply
5.4
Buyer's market
Sale-to-List Ratio
95.6%
Negotiation room for buyers
Sold Above List
8.9%
Listings w/ Price Drops
19.9%
Building Permits (2024)
94
Single-Family Permits
94

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,302M
TOTAL
PROJECT AMOUNT STATUS
Colbert Combustion Turbine Plant Expansion
Tennessee Valley Authority (TVA)
$750M Operating
Muscle Shoals Solar Project
Ørsted (acquired from Longroad Energy)
$227M Operating
Spring Valley Solar 2
Spring Valley LLC (for TVA)
$200M Planned
Muscle Shoals Sports, Retail and Entertainment Complex
City of Muscle Shoals (public/private partnership)
$65M Planned
Bank Independent Operations Center
Bank Independent
$60M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.1% 36 percentile
Population Growth +0.8% 66 percentile
Income Growth +7.9% 35 percentile
Vacancy Rate 0.9% 66 percentile
Home Price Change +1.1% 48 percentile
Rent Growth +6.8% 90 percentile
Price/Rent 11x 77 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Colbert County, AL a good place to move to?

Colbert County has a Boom Town Index score of 68/100, ranking #316 among 996 U.S. counties. With job growth at +1.3% and a median household income of $56,149, it's an above-average county on economic indicators.

Is Colbert County affordable?

The median home value in Colbert County is $148,500 with median rent at $810/month. The income-to-home-value ratio is 0.3781, which is more affordable than the national average.

Is Colbert County growing or shrinking?

Population growth: +0.8% year-over-year. Job growth: +1.3%. Home values changed +1.1% in the past 12 months.

Are people moving to Colbert County?

Yes — 3.15% of Colbert County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Richmond County, NY 78 Crawford County, AR 78 Randolph County, NC 78 Pottawatomie County, OK 78 Franklin County, VA 78 Livingston County, NY 78 Will County, IL 78 Bedford County, VA 78