The typical owner-occupied home in Fort Deposit is worth about $78,000, 63% below the Alabama median of $209,900 and 77% below the national median of $332,700. Owners pay a median $338 a year in property taxes, about 0.43% of their home's value, higher than the Alabama rate of 0.38%. The median household earns $21,563 a year, so the median home costs 3.6 times the median income (3.3 times for Alabama). 62% of occupied homes here are lived in by their owners, and 20% of those owners still have a mortgage.
Fort Deposit at a glance
| Fort Deposit | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $78,000 | $209,900 | $332,700 |
| Median property tax paid per year | $338 | $788 | $3,119 |
| Property tax as a share of value | 0.43% | 0.38% | 0.94% |
| Median household income | $21,563 | $63,999 | $80,734 |
| Homes lived in by their owners | 62% | 70% | 65% |
| Owner homes with a mortgage | 20% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,410 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 24.3% | 19.0% | 21.0% |
| Median rent | $467 | $1,007 | $1,413 |
| Rent as a share of renters' income | 33.1% | 29.5% | 30.6% |
| Median year homes were built | 1994 | 1986 | 1980 |
| Vacant homes | 9.1% | 14.5% | 10.1% |
| Population | 1,525 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Fort Deposit
At this week's average 30-year rate of 7.11%, buying the median Fort Deposit home of $78,000 with 20% down costs about $480 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $610, 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 $20,581 for the 20%-down payment. That payment is 27% of the median Fort Deposit household income of $21,563; at that income and 20% down, the 28% guideline points to a home of about $82,000.
The median rent here is $467 a month, so owning the median home costs about $13 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $15,600 |
|---|---|
| Loan amount | $62,400 |
| Principal and interest | $420 |
| Property taxes (0.43% a year) | $28 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $480 |
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| Down payment | $2,730 |
|---|---|
| Loan amount | $76,587 |
| Principal and interest | $515 |
| Property taxes (0.43% a year) | $28 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $610 |
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Questions about home buying in Fort Deposit
What is the median home value in Fort Deposit?
About $78,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fort Deposit?
Homeowners pay a median $338 a year, which is about 0.43% 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 Fort Deposit?
For the median home with 20% down at 7.11%, the payment is about $480 a month. Keeping that under 28% of gross income takes about $20,581 a year.
More about Fort Deposit
- Mortgage Refinance in Fort Deposit
- Debt Relief in Fort Deposit
- Home Equity Loans in Fort Deposit
- 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