What is the average home price in Alabama?
Around $220,000 in 2026.
Alabama Mortgage Calculator 2026
Alabama has some of the most affordable home prices in the US, averaging $220,000 in 2026. Use this calculator to estimate your monthly mortgage payment.
Current Rates (Freddie Mac PMMS)
30-Year Fixed: 15-Year Fixed: Rates verified Oct 21, 2026
Adjust values — results update instantly.
State: Alabama (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — county rates and insurance vary. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$1,342
Principal & interest
$1,142Property tax
$92Home insurance
$108Loan amount$176,000
Down payment$44,000 (20.0%)
Total interest (life)$234,952
Total cost$410,952
Frequently Asked Questions
Does Alabama have a transfer tax?
Yes, $0.50 per $500 of value.
What is Alabama state income tax?
Graduated rates from 2% to 5%.
How much do I need to earn to afford a home in Alabama?
Approximately $42,000–$48,000 annually for the average AL home.
Related calculators
Educational estimates only. Not a lender pre-approval.