Rent in Banks, AL
A 2-bedroom in Banks, AL (ZIP 36005) typically rents for about $1,055 a month, with a range of $1,055. There are no ZIP-level rent figures here, so these use the HUD Fair Market Rent for Pike County. Owner-occupied homes in Pike County pay about 0.27% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $801 | $801 | 1 |
| 1 bed | $806 | $806 | 1 |
| 2 beds | $1,055 | $1,055 | 1 |
| 3 beds | $1,106 | $1,106–$1,257 | 1 |
| 4 beds | $1,490 | $1,490 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Banks ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Banks, AL?
- About $1,055 a month: the median of the typical rents in 1 ZIP code, which range from $1,055. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Banks, AL?
- About $806 a month: the median of the typical rents in 1 ZIP code, which range from $806. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Banks, AL?
- About $1,106 a month: the median of the typical rents in 1 ZIP code, which range from $1,106–$1,257. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Banks, AL?
- About $801 a month: the median of the typical rents in 1 ZIP code, which range from $801. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Banks, AL?
- About $1,490 a month: the median of the typical rents in 1 ZIP code, which range from $1,490. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Banks, AL?
- Owner-occupied homes in Pike County pay a typical 0.27% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Banks rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).