The typical owner-occupied home in Loxley is worth about $398,500, 90% above the Alabama median of $209,900 and 20% above the national median of $332,700. Owners pay a median $1,116 a year in property taxes, about 0.28% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $108,488 a year, so the median home costs 3.7 times the median income (3.3 times for Alabama). 78% of occupied homes here are lived in by their owners, and 85% of those owners still have a mortgage.
Loxley at a glance
| Loxley | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $398,500 | $209,900 | $332,700 |
| Median property tax paid per year | $1,116 | $788 | $3,119 |
| Property tax as a share of value | 0.28% | 0.38% | 0.94% |
| Median household income | $108,488 | $63,999 | $80,734 |
| Homes lived in by their owners | 78% | 70% | 65% |
| Owner homes with a mortgage | 85% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,841 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 19.0% | 21.0% |
| Median rent | – | $1,007 | $1,413 |
| Rent as a share of renters' income | 27.2% | 29.5% | 30.6% |
| Median year homes were built | 2011 | 1986 | 1980 |
| Vacant homes | 22.9% | 14.5% | 10.1% |
| Population | 4,357 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Loxley
At this week's average 30-year rate of 7.11%, buying the median Loxley home of $398,500 with 20% down costs about $2,404 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,067, 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 $103,012 for the 20%-down payment. That payment is 27% of the median Loxley household income of $108,488; at that income and 20% down, the 28% guideline points to a home of about $420,000.
| Down payment | $79,700 |
|---|---|
| Loan amount | $318,800 |
| Principal and interest | $2,145 |
| Property taxes (0.28% a year) | $93 |
| Homeowners insurance (our estimate, 0.5% a year) | $166 |
| PMI | $0 |
| Total per month | $2,404 |
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| Down payment | $13,948 |
|---|---|
| Loan amount | $391,282 |
| Principal and interest | $2,632 |
| Property taxes (0.28% a year) | $93 |
| Homeowners insurance (our estimate, 0.5% a year) | $166 |
| FHA mortgage insurance | $176 |
| Total per month | $3,067 |
Change the numbers in the calculator
Questions about home buying in Loxley
What is the median home value in Loxley?
About $398,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Loxley?
Homeowners pay a median $1,116 a year, which is about 0.28% 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 Loxley?
For the median home with 20% down at 7.11%, the payment is about $2,404 a month. Keeping that under 28% of gross income takes about $103,012 a year.
More about Loxley
- Mortgage Refinance in Loxley
- Debt Relief in Loxley
- Home Equity Loans in Loxley
- 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