The typical owner-occupied home in Glen Allen is worth about $89,600, 57% below the Alabama median of $209,900 and 73% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.22% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $46,313 a year, so the median home costs 1.9 times the median income (3.3 times for Alabama). 94% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Glen Allen at a glance
| Glen Allen | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $89,600 | $209,900 | $332,700 |
| Median property tax paid per year | $199 | $788 | $3,119 |
| Property tax as a share of value | 0.22% | 0.38% | 0.94% |
| Median household income | $46,313 | $63,999 | $80,734 |
| Homes lived in by their owners | 94% | 70% | 65% |
| Owner homes with a mortgage | 26% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $833 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 19.0% | 21.0% |
| Median rent | – | $1,007 | $1,413 |
| Median year homes were built | 1978 | 1986 | 1980 |
| Vacant homes | 27.9% | 14.5% | 10.1% |
| Population | 372 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Glen Allen
At this week's average 30-year rate of 7.11%, buying the median Glen Allen home of $89,600 with 20% down costs about $536 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $685, 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 $22,970 for the 20%-down payment. That payment is 14% of the median Glen Allen household income of $46,313; at that income and 20% down, the 28% guideline points to a home of about $181,000.
| Down payment | $17,920 |
|---|---|
| Loan amount | $71,680 |
| Principal and interest | $482 |
| Property taxes (0.22% a year) | $16 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $536 |
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| Down payment | $3,136 |
|---|---|
| Loan amount | $87,977 |
| Principal and interest | $592 |
| Property taxes (0.22% a year) | $16 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $40 |
| Total per month | $685 |
Change the numbers in the calculator
Questions about home buying in Glen Allen
What is the median home value in Glen Allen?
About $89,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Glen Allen?
Homeowners pay a median $199 a year, which is about 0.22% 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 Glen Allen?
For the median home with 20% down at 7.11%, the payment is about $536 a month. Keeping that under 28% of gross income takes about $22,970 a year.
More about Glen Allen
- Mortgage Refinance in Glen Allen
- Debt Relief in Glen Allen
- Home Equity Loans in Glen Allen
- 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