The typical owner-occupied home in Gordon is worth about $86,700, 59% below the Alabama median of $209,900 and 74% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.23% of their home's value, lower than the Alabama rate of 0.38%. 55% of occupied homes here are lived in by their owners, and 13% of those owners still have a mortgage.
Gordon at a glance
| Gordon | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $86,700 | $209,900 | $332,700 |
| Median property tax paid per year | $199 | $788 | $3,119 |
| Property tax as a share of value | 0.23% | 0.38% | 0.94% |
| Median household income | – | $63,999 | $80,734 |
| Homes lived in by their owners | 55% | 70% | 65% |
| Owner homes with a mortgage | 13% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 19.0% | 21.0% |
| Median rent | $925 | $1,007 | $1,413 |
| Rent as a share of renters' income | 47.5% | 29.5% | 30.6% |
| Median year homes were built | 1982 | 1986 | 1980 |
| Vacant homes | 28.9% | 14.5% | 10.1% |
| Population | 323 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Gordon
At this week's average 30-year rate of 7.11%, buying the median Gordon home of $86,700 with 20% down costs about $519 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $664, 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 $22,257 for the 20%-down payment.
The median rent here is $925 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,340 |
|---|---|
| Loan amount | $69,360 |
| Principal and interest | $467 |
| Property taxes (0.23% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $519 |
Change the numbers in the calculator
| Down payment | $3,034 |
|---|---|
| Loan amount | $85,130 |
| Principal and interest | $573 |
| Property taxes (0.23% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $664 |
Change the numbers in the calculator
Questions about home buying in Gordon
What is the median home value in Gordon?
About $86,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gordon?
Homeowners pay a median $199 a year, which is about 0.23% 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 Gordon?
For the median home with 20% down at 7.11%, the payment is about $519 a month. Keeping that under 28% of gross income takes about $22,257 a year.
More about Gordon
- Mortgage Refinance in Gordon
- Debt Relief in Gordon
- Home Equity Loans in Gordon
- 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