The typical owner-occupied home in Spring Garden is worth about $9,999, 95% below the Alabama median of $209,900 and 97% below the national median of $332,700. The median household earns $60,919 a year, so the median home costs 0.2 times the median income (3.3 times for Alabama). 100% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Spring Garden at a glance
| Spring Garden | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $9,999 | $209,900 | $332,700 |
| Median property tax paid per year | – | $788 | $3,119 |
| Median household income | $60,919 | $63,999 | $80,734 |
| Homes lived in by their owners | 100% | 70% | 65% |
| Owner homes with a mortgage | 44% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,433 | $1,963 |
| Median rent | – | $1,007 | $1,413 |
| Vacant homes | 0.0% | 14.5% | 10.1% |
| Population | 201 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Spring Garden
At this week's average 30-year rate of 7.11%, buying the median Spring Garden home of $9,999 with 20% down costs about $67 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $84, 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 $2,877 for the 20%-down payment. That payment is 1% of the median Spring Garden household income of $60,919; at that income and 20% down, the 28% guideline points to a home of about $212,000.
| Down payment | $2,000 |
|---|---|
| Loan amount | $7,999 |
| Principal and interest | $54 |
| Property taxes (1.10% a year) | $9 |
| Homeowners insurance (our estimate, 0.5% a year) | $4 |
| PMI | $0 |
| Total per month | $67 |
Change the numbers in the calculator
| Down payment | $350 |
|---|---|
| Loan amount | $9,818 |
| Principal and interest | $66 |
| Property taxes (1.10% a year) | $9 |
| Homeowners insurance (our estimate, 0.5% a year) | $4 |
| FHA mortgage insurance | $4 |
| Total per month | $84 |
Change the numbers in the calculator
Questions about home buying in Spring Garden
What is the median home value in Spring Garden?
About $9,999 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Spring Garden?
For the median home with 20% down at 7.11%, the payment is about $67 a month. Keeping that under 28% of gross income takes about $2,877 a year.
More about Spring Garden
- Mortgage Refinance in Spring Garden
- Debt Relief in Spring Garden
- Home Equity Loans in Spring Garden
- 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