The typical owner-occupied home in Point Clear is worth about $867,500, 4.1 times the Alabama median of $209,900 and 2.6 times the national median of $332,700. Owners pay a median $1,875 a year in property taxes, about 0.22% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $46,097 a year, so the median home costs 18.8 times the median income (3.3 times for Alabama). 73% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
Point Clear at a glance
| Point Clear | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $867,500 | $209,900 | $332,700 |
| Median property tax paid per year | $1,875 | $788 | $3,119 |
| Property tax as a share of value | 0.22% | 0.38% | 0.94% |
| Median household income | $46,097 | $63,999 | $80,734 |
| Homes lived in by their owners | 73% | 70% | 65% |
| Owner homes with a mortgage | 31% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 27.0% | 19.0% | 21.0% |
| Median rent | – | $1,007 | $1,413 |
| Median year homes were built | 1995 | 1986 | 1980 |
| Vacant homes | 18.9% | 14.5% | 10.1% |
| Population | 1,511 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Point Clear
At this week's average 30-year rate of 7.11%, buying the median Point Clear home of $867,500 with 20% down costs about $5,189 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,774, 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 $222,389 for the 20%-down payment. That payment is 135% of the median Point Clear household income of $46,097; at that income and 20% down, the 28% guideline points to a home of about $180,000.
| Down payment | $173,500 |
|---|---|
| Loan amount | $694,000 |
| Principal and interest | $4,669 |
| Property taxes (0.22% a year) | $159 |
| Homeowners insurance (our estimate, 0.5% a year) | $361 |
| PMI | $0 |
| Total per month | $5,189 |
Change the numbers in the calculator
| Down payment | $30,362 |
|---|---|
| Loan amount | $851,787 |
| Principal and interest | $5,730 |
| Property taxes (0.22% a year) | $159 |
| Homeowners insurance (our estimate, 0.5% a year) | $361 |
| FHA mortgage insurance | $523 |
| Total per month | $6,774 |
Change the numbers in the calculator
Questions about home buying in Point Clear
What is the median home value in Point Clear?
About $867,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Point Clear?
Homeowners pay a median $1,875 a year, which is about 0.22% 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 Point Clear?
For the median home with 20% down at 7.11%, the payment is about $5,189 a month. Keeping that under 28% of gross income takes about $222,389 a year.
More about Point Clear
- Mortgage Refinance in Point Clear
- Debt Relief in Point Clear
- Home Equity Loans in Point Clear
- 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