The typical owner-occupied home in Daphne is worth about $323,400, 54% above the Alabama median of $209,900 and 3% below the national median of $332,700. Owners pay a median $1,314 a year in property taxes, about 0.41% of their home's value, higher than the Alabama rate of 0.38%. The median household earns $87,250 a year, so the median home costs 3.7 times the median income (3.3 times for Alabama). 71% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Daphne at a glance
| Daphne | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $323,400 | $209,900 | $332,700 |
| Median property tax paid per year | $1,314 | $788 | $3,119 |
| Property tax as a share of value | 0.41% | 0.38% | 0.94% |
| Median household income | $87,250 | $63,999 | $80,734 |
| Homes lived in by their owners | 71% | 70% | 65% |
| Owner homes with a mortgage | 65% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,713 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 20.1% | 19.0% | 21.0% |
| Median rent | $1,388 | $1,007 | $1,413 |
| Rent as a share of renters' income | 24.5% | 29.5% | 30.6% |
| Median year homes were built | 1995 | 1986 | 1980 |
| Vacant homes | 7.1% | 14.5% | 10.1% |
| Population | 29,453 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Daphne
At this week's average 30-year rate of 7.11%, buying the median Daphne home of $323,400 with 20% down costs about $1,986 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,524, 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 $85,101 for the 20%-down payment. That payment is 27% of the median Daphne household income of $87,250; at that income and 20% down, the 28% guideline points to a home of about $332,000.
The median rent here is $1,388 a month, so owning the median home costs about $598 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $64,680 |
|---|---|
| Loan amount | $258,720 |
| Principal and interest | $1,740 |
| Property taxes (0.41% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $135 |
| PMI | $0 |
| Total per month | $1,986 |
Change the numbers in the calculator
| Down payment | $11,319 |
|---|---|
| Loan amount | $317,542 |
| Principal and interest | $2,136 |
| Property taxes (0.41% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $135 |
| FHA mortgage insurance | $143 |
| Total per month | $2,524 |
Change the numbers in the calculator
Questions about home buying in Daphne
What is the median home value in Daphne?
About $323,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Daphne?
Homeowners pay a median $1,314 a year, which is about 0.41% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Daphne?
For the median home with 20% down at 7.11%, the payment is about $1,986 a month. Keeping that under 28% of gross income takes about $85,101 a year.
More about Daphne
- Mortgage Refinance in Daphne
- Debt Relief in Daphne
- Home Equity Loans in Daphne
- 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