The typical owner-occupied home in Florala is worth about $91,600, 56% below the Alabama median of $209,900 and 72% below the national median of $332,700. Owners pay a median $259 a year in property taxes, about 0.28% of their home's value, lower than the Alabama rate of 0.38%. 54% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Florala at a glance
| Florala | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $91,600 | $209,900 | $332,700 |
| Median property tax paid per year | $259 | $788 | $3,119 |
| Property tax as a share of value | 0.28% | 0.38% | 0.94% |
| Median household income | – | $63,999 | $80,734 |
| Homes lived in by their owners | 54% | 70% | 65% |
| Owner homes with a mortgage | 29% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,090 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 19.0% | 21.0% |
| Median rent | $706 | $1,007 | $1,413 |
| Rent as a share of renters' income | 24.1% | 29.5% | 30.6% |
| Median year homes were built | 1966 | 1986 | 1980 |
| Vacant homes | 31.0% | 14.5% | 10.1% |
| Population | 1,822 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Florala
At this week's average 30-year rate of 7.11%, buying the median Florala home of $91,600 with 20% down costs about $552 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $705, 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 $23,679 for the 20%-down payment.
The median rent here is $706 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,320 |
|---|---|
| Loan amount | $73,280 |
| Principal and interest | $493 |
| Property taxes (0.28% a year) | $21 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $552 |
Change the numbers in the calculator
| Down payment | $3,206 |
|---|---|
| Loan amount | $89,941 |
| Principal and interest | $605 |
| Property taxes (0.28% a year) | $21 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $41 |
| Total per month | $705 |
Change the numbers in the calculator
Questions about home buying in Florala
What is the median home value in Florala?
About $91,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Florala?
Homeowners pay a median $259 a year, which is about 0.28% 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 Florala?
For the median home with 20% down at 7.11%, the payment is about $552 a month. Keeping that under 28% of gross income takes about $23,679 a year.
More about Florala
- Mortgage Refinance in Florala
- Debt Relief in Florala
- Home Equity Loans in Florala
- 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