Mortgage payment estimates, closing cost breakdowns, and homebuying data for Phenix City, Alabama.
Pre-filled with Phenix City median home price and Alabama tax/insurance rates. Adjust for your property.
Estimated closing costs based on Alabama rates and fees applied to Phenix City prices.
The median home price in Phenix City is $185,000, 20% below the Alabama state median of $230,000. With a population of 38,816, Phenix City is a smaller market where home prices tend to be more accessible than in many parts of Alabama.
Property taxes in Alabama average 0.41% annually. This low property tax rate is a significant advantage for Phenix City 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 Phenix City is $950/month. The price-to-rent ratio in Phenix City is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Phenix City offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Alabama's Alabama Housing Finance Authority Step Up program.