The typical owner-occupied home in Kimberly is worth about $322,300, 54% above the Alabama median of $209,900 and 3% below the national median of $332,700. Owners pay a median $1,416 a year in property taxes, about 0.44% of their home's value, higher than the Alabama rate of 0.38%. The median household earns $97,429 a year, so the median home costs 3.3 times the median income (3.3 times for Alabama). 93% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Kimberly at a glance
| Kimberly | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $322,300 | $209,900 | $332,700 |
| Median property tax paid per year | $1,416 | $788 | $3,119 |
| Property tax as a share of value | 0.44% | 0.38% | 0.94% |
| Median household income | $97,429 | $63,999 | $80,734 |
| Homes lived in by their owners | 93% | 70% | 65% |
| Owner homes with a mortgage | 59% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,846 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 19.0% | 21.0% |
| Median rent | $1,176 | $1,007 | $1,413 |
| Rent as a share of renters' income | 34.0% | 29.5% | 30.6% |
| Median year homes were built | 2002 | 1986 | 1980 |
| Vacant homes | 16.4% | 14.5% | 10.1% |
| Population | 4,439 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Kimberly
At this week's average 30-year rate of 7.11%, buying the median Kimberly home of $322,300 with 20% down costs about $1,987 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,524, 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 $85,156 for the 20%-down payment. That payment is 24% of the median Kimberly household income of $97,429; at that income and 20% down, the 28% guideline points to a home of about $369,000.
The median rent here is $1,176 a month, so owning the median home costs about $811 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $64,460 |
|---|---|
| Loan amount | $257,840 |
| Principal and interest | $1,735 |
| Property taxes (0.44% a year) | $118 |
| Homeowners insurance (our estimate, 0.5% a year) | $134 |
| PMI | $0 |
| Total per month | $1,987 |
Change the numbers in the calculator
| Down payment | $11,280 |
|---|---|
| Loan amount | $316,462 |
| Principal and interest | $2,129 |
| Property taxes (0.44% a year) | $118 |
| Homeowners insurance (our estimate, 0.5% a year) | $134 |
| FHA mortgage insurance | $143 |
| Total per month | $2,524 |
Change the numbers in the calculator
Questions about home buying in Kimberly
What is the median home value in Kimberly?
About $322,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kimberly?
Homeowners pay a median $1,416 a year, which is about 0.44% 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 Kimberly?
For the median home with 20% down at 7.11%, the payment is about $1,987 a month. Keeping that under 28% of gross income takes about $85,156 a year.
More about Kimberly
- Mortgage Refinance in Kimberly
- Debt Relief in Kimberly
- Home Equity Loans in Kimberly
- 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