The typical owner-occupied home in Opp is worth about $115,700, 45% below the Alabama median of $209,900 and 65% below the national median of $332,700. Owners pay a median $392 a year in property taxes, about 0.34% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $41,347 a year, so the median home costs 2.8 times the median income (3.3 times for Alabama). 71% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Opp at a glance
| Opp | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $115,700 | $209,900 | $332,700 |
| Median property tax paid per year | $392 | $788 | $3,119 |
| Property tax as a share of value | 0.34% | 0.38% | 0.94% |
| Median household income | $41,347 | $63,999 | $80,734 |
| Homes lived in by their owners | 71% | 70% | 65% |
| Owner homes with a mortgage | 40% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,060 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 19.0% | 21.0% |
| Median rent | $720 | $1,007 | $1,413 |
| Rent as a share of renters' income | 31.6% | 29.5% | 30.6% |
| Median year homes were built | 1972 | 1986 | 1980 |
| Vacant homes | 18.1% | 14.5% | 10.1% |
| Population | 6,709 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Opp
At this week's average 30-year rate of 7.11%, buying the median Opp home of $115,700 with 20% down costs about $704 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $896, 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 $30,156 for the 20%-down payment. That payment is 20% of the median Opp household income of $41,347; at that income and 20% down, the 28% guideline points to a home of about $159,000.
The median rent here is $720 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,140 |
|---|---|
| Loan amount | $92,560 |
| Principal and interest | $623 |
| Property taxes (0.34% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $704 |
Change the numbers in the calculator
| Down payment | $4,050 |
|---|---|
| Loan amount | $113,604 |
| Principal and interest | $764 |
| Property taxes (0.34% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $896 |
Change the numbers in the calculator
Questions about home buying in Opp
What is the median home value in Opp?
About $115,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Opp?
Homeowners pay a median $392 a year, which is about 0.34% 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 Opp?
For the median home with 20% down at 7.11%, the payment is about $704 a month. Keeping that under 28% of gross income takes about $30,156 a year.
More about Opp
- Mortgage Refinance in Opp
- Debt Relief in Opp
- Home Equity Loans in Opp
- 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