The typical owner-occupied home in Lee County is worth about $262,200, 25% above the Alabama median of $209,900 and 21% below the national median of $332,700. Owners pay a median $1,252 a year in property taxes, about 0.48% of their home's value, higher than the Alabama rate of 0.38%. The median household earns $65,824 a year, so the median home costs 4.0 times the median income (3.3 times for Alabama). 66% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Lee County at a glance
| Lee County | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $262,200 | $209,900 | $332,700 |
| Median property tax paid per year | $1,252 | $788 | $3,119 |
| Property tax as a share of value | 0.48% | 0.38% | 0.94% |
| Median household income | $65,824 | $63,999 | $80,734 |
| Homes lived in by their owners | 66% | 70% | 65% |
| Owner homes with a mortgage | 61% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,529 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 19.0% | 21.0% |
| Median rent | $1,058 | $1,007 | $1,413 |
| Rent as a share of renters' income | 35.4% | 29.5% | 30.6% |
| Median year homes were built | 1997 | 1986 | 1980 |
| Vacant homes | 12.8% | 14.5% | 10.1% |
| Population | 181,134 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Lee County
At this week's average 30-year rate of 7.11%, buying the median Lee County home of $262,200 with 20% down costs about $1,625 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,062, 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 $69,651 for the 20%-down payment. That payment is 30% of the median Lee County household income of $65,824; at that income and 20% down, the 28% guideline points to a home of about $248,000.
The median rent here is $1,058 a month, so owning the median home costs about $567 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $52,440 |
|---|---|
| Loan amount | $209,760 |
| Principal and interest | $1,411 |
| Property taxes (0.48% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $109 |
| PMI | $0 |
| Total per month | $1,625 |
Change the numbers in the calculator
| Down payment | $9,177 |
|---|---|
| Loan amount | $257,451 |
| Principal and interest | $1,732 |
| Property taxes (0.48% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $109 |
| FHA mortgage insurance | $116 |
| Total per month | $2,062 |
Change the numbers in the calculator
Questions about home buying in Lee County
What is the median home value in Lee County?
About $262,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lee County?
Homeowners pay a median $1,252 a year, which is about 0.48% 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 Lee County?
For the median home with 20% down at 7.11%, the payment is about $1,625 a month. Keeping that under 28% of gross income takes about $69,651 a year.
More about Lee County
- Mortgage Refinance in Lee County
- Debt Relief in Lee County
- Home Equity Loans in Lee County
- 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