The typical owner-occupied home in Billingsley is worth about $113,900, 46% below the Alabama median of $209,900 and 66% below the national median of $332,700. The median household earns $44,479 a year, so the median home costs 2.6 times the median income (3.3 times for Alabama). 77% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Billingsley at a glance
| Billingsley | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $113,900 | $209,900 | $332,700 |
| Median property tax paid per year | – | $788 | $3,119 |
| Median household income | $44,479 | $63,999 | $80,734 |
| Homes lived in by their owners | 77% | 70% | 65% |
| Owner homes with a mortgage | 34% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $981 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 19.0% | 21.0% |
| Median rent | – | $1,007 | $1,413 |
| Median year homes were built | 1964 | 1986 | 1980 |
| Vacant homes | 5.8% | 14.5% | 10.1% |
| Population | 115 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Billingsley
At this week's average 30-year rate of 7.11%, buying the median Billingsley home of $113,900 with 20% down costs about $765 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $955, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $32,779 for the 20%-down payment. That payment is 21% of the median Billingsley household income of $44,479; at that income and 20% down, the 28% guideline points to a home of about $155,000.
| Down payment | $22,780 |
|---|---|
| Loan amount | $91,120 |
| Principal and interest | $613 |
| Property taxes (1.10% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $765 |
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| Down payment | $3,986 |
|---|---|
| Loan amount | $111,837 |
| Principal and interest | $752 |
| Property taxes (1.10% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $955 |
Change the numbers in the calculator
Questions about home buying in Billingsley
What is the median home value in Billingsley?
About $113,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Billingsley?
For the median home with 20% down at 7.11%, the payment is about $765 a month. Keeping that under 28% of gross income takes about $32,779 a year.
More about Billingsley
- Mortgage Refinance in Billingsley
- Debt Relief in Billingsley
- Home Equity Loans in Billingsley
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data