The typical owner-occupied home in Ozark is worth about $148,900, 29% below the Alabama median of $209,900 and 55% below the national median of $332,700. Owners pay a median $539 a year in property taxes, about 0.36% of their home's value, close to the Alabama rate of 0.38%. The median household earns $48,944 a year, so the median home costs 3.0 times the median income (3.3 times for Alabama). 65% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Ozark at a glance
| Ozark | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $148,900 | $209,900 | $332,700 |
| Median property tax paid per year | $539 | $788 | $3,119 |
| Property tax as a share of value | 0.36% | 0.38% | 0.94% |
| Median household income | $48,944 | $63,999 | $80,734 |
| Homes lived in by their owners | 65% | 70% | 65% |
| Owner homes with a mortgage | 46% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,105 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 19.0% | 21.0% |
| Median rent | $694 | $1,007 | $1,413 |
| Rent as a share of renters' income | 32.2% | 29.5% | 30.6% |
| Median year homes were built | 1977 | 1986 | 1980 |
| Vacant homes | 11.3% | 14.5% | 10.1% |
| Population | 14,327 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Ozark
At this week's average 30-year rate of 7.11%, buying the median Ozark home of $148,900 with 20% down costs about $908 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,156, 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 $38,916 for the 20%-down payment. That payment is 22% of the median Ozark household income of $48,944; at that income and 20% down, the 28% guideline points to a home of about $187,000.
The median rent here is $694 a month, so owning the median home costs about $214 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,780 |
|---|---|
| Loan amount | $119,120 |
| Principal and interest | $801 |
| Property taxes (0.36% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $908 |
Change the numbers in the calculator
| Down payment | $5,212 |
|---|---|
| Loan amount | $146,203 |
| Principal and interest | $984 |
| Property taxes (0.36% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,156 |
Change the numbers in the calculator
Questions about home buying in Ozark
What is the median home value in Ozark?
About $148,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ozark?
Homeowners pay a median $539 a year, which is about 0.36% 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 Ozark?
For the median home with 20% down at 7.11%, the payment is about $908 a month. Keeping that under 28% of gross income takes about $38,916 a year.
More about Ozark
- Mortgage Refinance in Ozark
- Debt Relief in Ozark
- Home Equity Loans in Ozark
- 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