The typical owner-occupied home in New Brockton is worth about $207,600, about the same as the Alabama median of $209,900 and 38% below the national median of $332,700. Owners pay a median $682 a year in property taxes, about 0.33% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $72,212 a year, so the median home costs 2.9 times the median income (3.3 times for Alabama). 72% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
New Brockton at a glance
| New Brockton | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $207,600 | $209,900 | $332,700 |
| Median property tax paid per year | $682 | $788 | $3,119 |
| Property tax as a share of value | 0.33% | 0.38% | 0.94% |
| Median household income | $72,212 | $63,999 | $80,734 |
| Homes lived in by their owners | 72% | 70% | 65% |
| Owner homes with a mortgage | 71% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,450 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 14.7% | 19.0% | 21.0% |
| Median rent | $627 | $1,007 | $1,413 |
| Rent as a share of renters' income | 23.4% | 29.5% | 30.6% |
| Median year homes were built | 1985 | 1986 | 1980 |
| Vacant homes | 18.6% | 14.5% | 10.1% |
| Population | 1,430 | 5,086,768 | 334,922,499 |
What a typical home costs per month in New Brockton
At this week's average 30-year rate of 7.11%, buying the median New Brockton home of $207,600 with 20% down costs about $1,261 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,607, 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 $54,035 for the 20%-down payment. That payment is 21% of the median New Brockton household income of $72,212; at that income and 20% down, the 28% guideline points to a home of about $277,000.
The median rent here is $627 a month, so owning the median home costs about $634 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,520 |
|---|---|
| Loan amount | $166,080 |
| Principal and interest | $1,117 |
| Property taxes (0.33% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| PMI | $0 |
| Total per month | $1,261 |
Change the numbers in the calculator
| Down payment | $7,266 |
|---|---|
| Loan amount | $203,840 |
| Principal and interest | $1,371 |
| Property taxes (0.33% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| FHA mortgage insurance | $92 |
| Total per month | $1,607 |
Change the numbers in the calculator
Questions about home buying in New Brockton
What is the median home value in New Brockton?
About $207,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in New Brockton?
Homeowners pay a median $682 a year, which is about 0.33% 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 New Brockton?
For the median home with 20% down at 7.11%, the payment is about $1,261 a month. Keeping that under 28% of gross income takes about $54,035 a year.
More about New Brockton
- Mortgage Refinance in New Brockton
- Debt Relief in New Brockton
- Home Equity Loans in New Brockton
- 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