The typical owner-occupied home in Holly Pond is worth about $200,000, 5% below the Alabama median of $209,900 and 40% below the national median of $332,700. Owners pay a median $487 a year in property taxes, about 0.24% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $42,333 a year, so the median home costs 4.7 times the median income (3.3 times for Alabama). 57% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Holly Pond at a glance
| Holly Pond | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $200,000 | $209,900 | $332,700 |
| Median property tax paid per year | $487 | $788 | $3,119 |
| Property tax as a share of value | 0.24% | 0.38% | 0.94% |
| Median household income | $42,333 | $63,999 | $80,734 |
| Homes lived in by their owners | 57% | 70% | 65% |
| Owner homes with a mortgage | 46% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,257 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 19.0% | 21.0% |
| Median rent | $740 | $1,007 | $1,413 |
| Rent as a share of renters' income | 28.8% | 29.5% | 30.6% |
| Median year homes were built | 1982 | 1986 | 1980 |
| Vacant homes | 2.7% | 14.5% | 10.1% |
| Population | 782 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Holly Pond
At this week's average 30-year rate of 7.11%, buying the median Holly Pond home of $200,000 with 20% down costs about $1,200 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,533, 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 $51,414 for the 20%-down payment. That payment is 34% of the median Holly Pond household income of $42,333; at that income and 20% down, the 28% guideline points to a home of about $165,000.
The median rent here is $740 a month, so owning the median home costs about $460 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $40,000 |
|---|---|
| Loan amount | $160,000 |
| Principal and interest | $1,076 |
| Property taxes (0.24% a year) | $40 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| PMI | $0 |
| Total per month | $1,200 |
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| Down payment | $7,000 |
|---|---|
| Loan amount | $196,378 |
| Principal and interest | $1,321 |
| Property taxes (0.24% a year) | $40 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| FHA mortgage insurance | $88 |
| Total per month | $1,533 |
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Questions about home buying in Holly Pond
What is the median home value in Holly Pond?
About $200,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Holly Pond?
Homeowners pay a median $487 a year, which is about 0.24% 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 Holly Pond?
For the median home with 20% down at 7.11%, the payment is about $1,200 a month. Keeping that under 28% of gross income takes about $51,414 a year.
More about Holly Pond
- Mortgage Refinance in Holly Pond
- Debt Relief in Holly Pond
- Home Equity Loans in Holly Pond
- 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