The typical owner-occupied home in Coffee Springs is worth about $69,200, 67% below the Alabama median of $209,900 and 79% below the national median of $332,700. Owners pay a median $245 a year in property taxes, about 0.35% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $40,917 a year, so the median home costs 1.7 times the median income (3.3 times for Alabama). 88% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Coffee Springs at a glance
| Coffee Springs | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $69,200 | $209,900 | $332,700 |
| Median property tax paid per year | $245 | $788 | $3,119 |
| Property tax as a share of value | 0.35% | 0.38% | 0.94% |
| Median household income | $40,917 | $63,999 | $80,734 |
| Homes lived in by their owners | 88% | 70% | 65% |
| Owner homes with a mortgage | 33% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $883 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 19.0% | 21.0% |
| Median rent | $954 | $1,007 | $1,413 |
| Rent as a share of renters' income | 22.8% | 29.5% | 30.6% |
| Median year homes were built | 1965 | 1986 | 1980 |
| Vacant homes | 22.6% | 14.5% | 10.1% |
| Population | 283 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Coffee Springs
At this week's average 30-year rate of 7.11%, buying the median Coffee Springs home of $69,200 with 20% down costs about $421 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $537, 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 $18,061 for the 20%-down payment. That payment is 12% of the median Coffee Springs household income of $40,917; at that income and 20% down, the 28% guideline points to a home of about $157,000.
The median rent here is $954 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,840 |
|---|---|
| Loan amount | $55,360 |
| Principal and interest | $372 |
| Property taxes (0.35% a year) | $20 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $421 |
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| Down payment | $2,422 |
|---|---|
| Loan amount | $67,947 |
| Principal and interest | $457 |
| Property taxes (0.35% a year) | $20 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $537 |
Change the numbers in the calculator
Questions about home buying in Coffee Springs
What is the median home value in Coffee Springs?
About $69,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Coffee Springs?
Homeowners pay a median $245 a year, which is about 0.35% 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 Coffee Springs?
For the median home with 20% down at 7.11%, the payment is about $421 a month. Keeping that under 28% of gross income takes about $18,061 a year.
More about Coffee Springs
- Mortgage Refinance in Coffee Springs
- Debt Relief in Coffee Springs
- Home Equity Loans in Coffee Springs
- 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