The typical owner-occupied home in Orange Beach is worth about $502,400, 2.4 times the Alabama median of $209,900 and 51% above the national median of $332,700. Owners pay a median $1,468 a year in property taxes, about 0.29% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $97,736 a year, so the median home costs 5.1 times the median income (3.3 times for Alabama). 68% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Orange Beach at a glance
| Orange Beach | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $502,400 | $209,900 | $332,700 |
| Median property tax paid per year | $1,468 | $788 | $3,119 |
| Property tax as a share of value | 0.29% | 0.38% | 0.94% |
| Median household income | $97,736 | $63,999 | $80,734 |
| Homes lived in by their owners | 68% | 70% | 65% |
| Owner homes with a mortgage | 52% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,951 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 22.1% | 19.0% | 21.0% |
| Median rent | $1,576 | $1,007 | $1,413 |
| Rent as a share of renters' income | 24.1% | 29.5% | 30.6% |
| Median year homes were built | 2000 | 1986 | 1980 |
| Vacant homes | 73.7% | 14.5% | 10.1% |
| Population | 8,407 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Orange Beach
At this week's average 30-year rate of 7.11%, buying the median Orange Beach home of $502,400 with 20% down costs about $3,034 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,871, 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 $130,050 for the 20%-down payment. That payment is 37% of the median Orange Beach household income of $97,736; at that income and 20% down, the 28% guideline points to a home of about $378,000.
The median rent here is $1,576 a month, so owning the median home costs about $1,458 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $100,480 |
|---|---|
| Loan amount | $401,920 |
| Principal and interest | $2,704 |
| Property taxes (0.29% a year) | $121 |
| Homeowners insurance (our estimate, 0.5% a year) | $209 |
| PMI | $0 |
| Total per month | $3,034 |
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| Down payment | $17,584 |
|---|---|
| Loan amount | $493,300 |
| Principal and interest | $3,318 |
| Property taxes (0.29% a year) | $121 |
| Homeowners insurance (our estimate, 0.5% a year) | $209 |
| FHA mortgage insurance | $222 |
| Total per month | $3,871 |
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Questions about home buying in Orange Beach
What is the median home value in Orange Beach?
About $502,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Orange Beach?
Homeowners pay a median $1,468 a year, which is about 0.29% 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 Orange Beach?
For the median home with 20% down at 7.11%, the payment is about $3,034 a month. Keeping that under 28% of gross income takes about $130,050 a year.
More about Orange Beach
- Mortgage Refinance in Orange Beach
- Debt Relief in Orange Beach
- Home Equity Loans in Orange Beach
- 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