Mortgage payment estimates, closing cost breakdowns, and homebuying data for Huntsville, Alabama.
Pre-filled with Huntsville median home price and Alabama tax/insurance rates. Adjust for your property.
Estimated closing costs based on Alabama rates and fees applied to Huntsville prices.
The median home price in Huntsville is $295,000, 28% above the Alabama state median of $230,000. With a population of 218,022, Huntsville is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Alabama average 0.41% annually. This low property tax rate is a significant advantage for Huntsville buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Alabama runs approximately $1,950 per year. This is within the normal range nationally.
Average rent in Huntsville is $1,280/month. The price-to-rent ratio in Huntsville is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Huntsville presents moderate affordability. The $295K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.