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Colbert County, AL

Tri-Cities

RANK #67 / 996 NAT  ·  #3 / 27 AL  ·  POP 57,270

1YR FORECAST: +2.1%

5YR OUTLOOK: +37%

Our model projects Colbert County's housing market to grow +2.1% over the next year, significantly outpacing the national average.

[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] Top Employers

  1. 1
    Manufacturing Sector Manufacturing
    2,500+
  2. 2
    Healthcare & Social Assistance Sector Healthcare
  3. 3
    Retail Trade Sector Retail
  4. 4
    North American Lighting Manufacturing
    1,000+
  5. 5
    Northwest Shoals Community College Education
  6. 6
    Helen Keller Hospital Healthcare
  7. 7
    Constellium Manufacturing
    500+
  8. 8
    Essity Manufacturing
  9. 9
    Tarkett Alabama Manufacturing
    250+
  10. 10
    Southwire Co. Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
18.0%
of residents (national avg: 33%)

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] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.4
per 100K · nat avg 6.3
Firearm Fatalities
23.1
per 100K · nat avg 14.8
Injury Deaths
87.2
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

Colbert County ranks #67 out of 996 U.S. counties on the Boom Town Index with a score of 93/100, putting it in the top tier nationally. Job growth of +1.3% and a median household income of $56,149 point to a county with active economic momentum.

Is Colbert County affordable?

By national standards, Colbert County is quite affordable. Homes here have a median value of $148,500, and the income-to-home-value ratio of 0.38 is well above the U.S. average — especially with median rent at just $810/month. Residents can generally buy a home without being cost-burdened.

Is Colbert County growing or shrinking?

Colbert County is growing on multiple fronts. Population is up +0.8% year-over-year while employers added jobs at a +1.3% clip. Home values shifted +1.1% in the past year.

Are people moving to Colbert County?

There's a moderate stream of newcomers. About 3.15% of residents moved from another state, which is above average and suggests Colbert County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Walker County, AL 94 Houston County, AL 96 Lee County, AL 87 Cullman County, AL 85 Calhoun County, AL 84 Russell County, AL 80 Saline County, KS 93 Pulaski County, MO 93