The typical owner-occupied home in Shorter is worth about $98,600, 53% below the Alabama median of $209,900 and 70% below the national median of $332,700. Owners pay a median $413 a year in property taxes, about 0.42% of their home's value, higher than the Alabama rate of 0.38%. The median household earns $48,125 a year, so the median home costs 2.0 times the median income (3.3 times for Alabama). 83% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Shorter at a glance
| Shorter | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $98,600 | $209,900 | $332,700 |
| Median property tax paid per year | $413 | $788 | $3,119 |
| Property tax as a share of value | 0.42% | 0.38% | 0.94% |
| Median household income | $48,125 | $63,999 | $80,734 |
| Homes lived in by their owners | 83% | 70% | 65% |
| Owner homes with a mortgage | 54% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,429 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 23.8% | 19.0% | 21.0% |
| Median rent | – | $1,007 | $1,413 |
| Median year homes were built | 1987 | 1986 | 1980 |
| Vacant homes | 9.1% | 14.5% | 10.1% |
| Population | 404 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Shorter
At this week's average 30-year rate of 7.11%, buying the median Shorter home of $98,600 with 20% down costs about $606 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $770, 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 $25,981 for the 20%-down payment. That payment is 15% of the median Shorter household income of $48,125; at that income and 20% down, the 28% guideline points to a home of about $183,000.
| Down payment | $19,720 |
|---|---|
| Loan amount | $78,880 |
| Principal and interest | $531 |
| Property taxes (0.42% a year) | $35 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $606 |
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| Down payment | $3,451 |
|---|---|
| Loan amount | $96,814 |
| Principal and interest | $651 |
| Property taxes (0.42% a year) | $35 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $44 |
| Total per month | $770 |
Change the numbers in the calculator
Questions about home buying in Shorter
What is the median home value in Shorter?
About $98,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Shorter?
Homeowners pay a median $413 a year, which is about 0.42% 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 Shorter?
For the median home with 20% down at 7.11%, the payment is about $606 a month. Keeping that under 28% of gross income takes about $25,981 a year.
More about Shorter
- Mortgage Refinance in Shorter
- Debt Relief in Shorter
- Home Equity Loans in Shorter
- 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