The typical owner-occupied home in Owens Cross Roads is worth about $227,000, 8% above the Alabama median of $209,900 and 32% below the national median of $332,700. Owners pay a median $847 a year in property taxes, about 0.37% of their home's value, close to the Alabama rate of 0.38%. The median household earns $86,188 a year, so the median home costs 2.6 times the median income (3.3 times for Alabama). 85% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Owens Cross Roads at a glance
| Owens Cross Roads | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $227,000 | $209,900 | $332,700 |
| Median property tax paid per year | $847 | $788 | $3,119 |
| Property tax as a share of value | 0.37% | 0.38% | 0.94% |
| Median household income | $86,188 | $63,999 | $80,734 |
| Homes lived in by their owners | 85% | 70% | 65% |
| Owner homes with a mortgage | 76% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,354 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 19.0% | 21.0% |
| Median rent | $946 | $1,007 | $1,413 |
| Rent as a share of renters' income | 35.7% | 29.5% | 30.6% |
| Median year homes were built | 2006 | 1986 | 1980 |
| Vacant homes | 3.8% | 14.5% | 10.1% |
| Population | 2,826 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Owens Cross Roads
At this week's average 30-year rate of 7.11%, buying the median Owens Cross Roads home of $227,000 with 20% down costs about $1,386 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,764, 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 $59,409 for the 20%-down payment. That payment is 19% of the median Owens Cross Roads household income of $86,188; at that income and 20% down, the 28% guideline points to a home of about $329,000.
The median rent here is $946 a month, so owning the median home costs about $440 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $45,400 |
|---|---|
| Loan amount | $181,600 |
| Principal and interest | $1,222 |
| Property taxes (0.37% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,386 |
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| Down payment | $7,945 |
|---|---|
| Loan amount | $222,888 |
| Principal and interest | $1,499 |
| Property taxes (0.37% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $100 |
| Total per month | $1,764 |
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Questions about home buying in Owens Cross Roads
What is the median home value in Owens Cross Roads?
About $227,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Owens Cross Roads?
Homeowners pay a median $847 a year, which is about 0.37% 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 Owens Cross Roads?
For the median home with 20% down at 7.11%, the payment is about $1,386 a month. Keeping that under 28% of gross income takes about $59,409 a year.
More about Owens Cross Roads
- Mortgage Refinance in Owens Cross Roads
- Debt Relief in Owens Cross Roads
- Home Equity Loans in Owens Cross Roads
- 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