The typical owner-occupied home in Five Points is worth about $119,800, 43% below the Alabama median of $209,900 and 64% below the national median of $332,700. Owners pay a median $372 a year in property taxes, about 0.31% of their home's value, lower than the Alabama rate of 0.38%. 92% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Five Points at a glance
| Five Points | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $119,800 | $209,900 | $332,700 |
| Median property tax paid per year | $372 | $788 | $3,119 |
| Property tax as a share of value | 0.31% | 0.38% | 0.94% |
| Median household income | – | $63,999 | $80,734 |
| Homes lived in by their owners | 92% | 70% | 65% |
| Owner homes with a mortgage | 44% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,542 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 19.0% | 21.0% |
| Median rent | – | $1,007 | $1,413 |
| Median year homes were built | 1980 | 1986 | 1980 |
| Vacant homes | 37.2% | 14.5% | 10.1% |
| Population | 139 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Five Points
At this week's average 30-year rate of 7.11%, buying the median Five Points home of $119,800 with 20% down costs about $726 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $925, 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 $31,097 for the 20%-down payment.
| Down payment | $23,960 |
|---|---|
| Loan amount | $95,840 |
| Principal and interest | $645 |
| Property taxes (0.31% a year) | $31 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $726 |
Change the numbers in the calculator
| Down payment | $4,193 |
|---|---|
| Loan amount | $117,630 |
| Principal and interest | $791 |
| Property taxes (0.31% a year) | $31 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $925 |
Change the numbers in the calculator
Questions about home buying in Five Points
What is the median home value in Five Points?
About $119,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Five Points?
Homeowners pay a median $372 a year, which is about 0.31% 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 Five Points?
For the median home with 20% down at 7.11%, the payment is about $726 a month. Keeping that under 28% of gross income takes about $31,097 a year.
More about Five Points
- Mortgage Refinance in Five Points
- Debt Relief in Five Points
- Home Equity Loans in Five Points
- 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