The typical owner-occupied home in Union Springs is worth about $80,400, 62% below the Alabama median of $209,900 and 76% below the national median of $332,700. Owners pay a median $518 a year in property taxes, about 0.64% of their home's value, higher than the Alabama rate of 0.38%. The median household earns $26,250 a year, so the median home costs 3.1 times the median income (3.3 times for Alabama). 43% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Union Springs at a glance
| Union Springs | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $80,400 | $209,900 | $332,700 |
| Median property tax paid per year | $518 | $788 | $3,119 |
| Property tax as a share of value | 0.64% | 0.38% | 0.94% |
| Median household income | $26,250 | $63,999 | $80,734 |
| Homes lived in by their owners | 43% | 70% | 65% |
| Owner homes with a mortgage | 39% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,515 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 35.2% | 19.0% | 21.0% |
| Median rent | $526 | $1,007 | $1,413 |
| Rent as a share of renters' income | 29.3% | 29.5% | 30.6% |
| Median year homes were built | 1976 | 1986 | 1980 |
| Vacant homes | 16.0% | 14.5% | 10.1% |
| Population | 3,248 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Union Springs
At this week's average 30-year rate of 7.11%, buying the median Union Springs home of $80,400 with 20% down costs about $509 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $643, 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 $21,817 for the 20%-down payment. That payment is 23% of the median Union Springs household income of $26,250; at that income and 20% down, the 28% guideline points to a home of about $97,000.
The median rent here is $526 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,080 |
|---|---|
| Loan amount | $64,320 |
| Principal and interest | $433 |
| Property taxes (0.64% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $509 |
Change the numbers in the calculator
| Down payment | $2,814 |
|---|---|
| Loan amount | $78,944 |
| Principal and interest | $531 |
| Property taxes (0.64% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $643 |
Change the numbers in the calculator
Questions about home buying in Union Springs
What is the median home value in Union Springs?
About $80,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Union Springs?
Homeowners pay a median $518 a year, which is about 0.64% 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 Union Springs?
For the median home with 20% down at 7.11%, the payment is about $509 a month. Keeping that under 28% of gross income takes about $21,817 a year.
More about Union Springs
- Mortgage Refinance in Union Springs
- Debt Relief in Union Springs
- Home Equity Loans in Union Springs
- 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