The typical owner-occupied home in Allgood is worth about $104,600, 50% below the Alabama median of $209,900 and 69% below the national median of $332,700. Owners pay a median $261 a year in property taxes, about 0.25% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $73,750 a year, so the median home costs 1.4 times the median income (3.3 times for Alabama). 70% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Allgood at a glance
| Allgood | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $104,600 | $209,900 | $332,700 |
| Median property tax paid per year | $261 | $788 | $3,119 |
| Property tax as a share of value | 0.25% | 0.38% | 0.94% |
| Median household income | $73,750 | $63,999 | $80,734 |
| Homes lived in by their owners | 70% | 70% | 65% |
| Owner homes with a mortgage | 46% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,228 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 15.3% | 19.0% | 21.0% |
| Median rent | $816 | $1,007 | $1,413 |
| Rent as a share of renters' income | 26.9% | 29.5% | 30.6% |
| Median year homes were built | 1984 | 1986 | 1980 |
| Vacant homes | 15.4% | 14.5% | 10.1% |
| Population | 759 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Allgood
At this week's average 30-year rate of 7.11%, buying the median Allgood home of $104,600 with 20% down costs about $628 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $803, 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 $26,927 for the 20%-down payment. That payment is 10% of the median Allgood household income of $73,750; at that income and 20% down, the 28% guideline points to a home of about $286,000.
The median rent here is $816 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,920 |
|---|---|
| Loan amount | $83,680 |
| Principal and interest | $563 |
| Property taxes (0.25% a year) | $22 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $628 |
Change the numbers in the calculator
| Down payment | $3,661 |
|---|---|
| Loan amount | $102,705 |
| Principal and interest | $691 |
| Property taxes (0.25% a year) | $22 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $46 |
| Total per month | $803 |
Change the numbers in the calculator
Questions about home buying in Allgood
What is the median home value in Allgood?
About $104,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Allgood?
Homeowners pay a median $261 a year, which is about 0.25% 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 Allgood?
For the median home with 20% down at 7.11%, the payment is about $628 a month. Keeping that under 28% of gross income takes about $26,927 a year.
More about Allgood
- Mortgage Refinance in Allgood
- Debt Relief in Allgood
- Home Equity Loans in Allgood
- 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