The story of this market
The typical home in ZIP 36340 sells for about $109,500, or $78 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $661 a month.
ZIP 36340 — Geneva
The housing market in 36340 remains stable with low price volatility and limited inventory turnover. Market conditions are driven by local demand for affordable single-family housing, with minimal speculative activity or new construction. Figures for months of supply and sale-to-list ratios reflect a balanced market environment.
This ZIP is well-suited for retirees and families seeking affordable, low-density living in a small-town environment with proximity to regional outdoor recreation.
Median prices moved up 2.4% year over year.
Homes spend a median of 92 days on market with 6.2 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.2% · poverty 24.9% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 36340, Geneva County AL
Crime rates in Geneva are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools serving the area are part of the Geneva City School District, which maintains a moderate performance rating compared to state averages.
The area is subject to standard regional risks including severe thunderstorms and occasional flooding, with insurance premiums reflecting moderate hazard exposure.
Economic momentum is driven by local government, agriculture, and small-scale manufacturing, with limited large-scale industrial development currently reported.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Current Use Valuation: Allows property to be taxed based on its current use value rather than fair market value, potentially reducing the tax burden. Conversion to a non-qualified use triggers revaluation and potential back-tax liability. State (Alabama) — Class III Residential Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by multiplying the assessed value by the local millage rate. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Class 3 Residential Property Tax Assessment: Residential property is classified as Class 3 and assessed at 10 percent of its fair market value. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala.
Commutes are primarily car-dependent, with most residents traveling to local employment hubs within Geneva County or neighboring Dothan.
The area features access to the Choctawhatchee and Pea Rivers for fishing and boating, alongside local municipal parks and community sports facilities.
The rental market is characterized by low vacancy pressure and a high share of single-family home rentals, with limited multi-family inventory.
The local economy is anchored by agriculture, public administration, and healthcare services, with limited industrial diversification.
Transportation is dominated by private vehicle use, with no public transit infrastructure serving the area.
There are no major large-scale commercial or residential developments currently approved or under construction in the ZIP.
The Geneva County Revenue Commissioner manages property assessments, utilizing a standard county-wide appraisal cycle.
Parcels are subject to Geneva County general taxes and the Geneva City School District levy.
Property insurance availability is stable, though premiums are influenced by regional wind and storm risk profiles.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Vortex Spring Adventures4.319.6 mi
- Escape Enterprise LLC519.4 mi
- Robert A. Fowler Memorial Park4.62 mi
- The Junction4.62.2 mi
- DG Market410.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features walking trails and picnic areas.
Popular for fishing and recreational boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.