The typical owner-occupied home in Chunchula is worth about $57,400, 73% below the Alabama median of $209,900 and 83% below the national median of $332,700. Owners pay a median $270 a year in property taxes, about 0.47% of their home's value, higher than the Alabama rate of 0.38%. The median household earns $18,664 a year, so the median home costs 3.1 times the median income (3.3 times for Alabama). 100% of occupied homes here are lived in by their owners, and 23% of those owners still have a mortgage.
Chunchula at a glance
| Chunchula | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $57,400 | $209,900 | $332,700 |
| Median property tax paid per year | $270 | $788 | $3,119 |
| Property tax as a share of value | 0.47% | 0.38% | 0.94% |
| Median household income | $18,664 | $63,999 | $80,734 |
| Homes lived in by their owners | 100% | 70% | 65% |
| Owner homes with a mortgage | 23% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,332 | $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 | 1974 | 1986 | 1980 |
| Vacant homes | 0.0% | 14.5% | 10.1% |
| Population | 250 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Chunchula
At this week's average 30-year rate of 7.11%, buying the median Chunchula home of $57,400 with 20% down costs about $355 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $451, 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 $15,228 for the 20%-down payment. That payment is 23% of the median Chunchula household income of $18,664; at that income and 20% down, the 28% guideline points to a home of about $70,000.
| Down payment | $11,480 |
|---|---|
| Loan amount | $45,920 |
| Principal and interest | $309 |
| Property taxes (0.47% a year) | $22 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $355 |
Change the numbers in the calculator
| Down payment | $2,009 |
|---|---|
| Loan amount | $56,360 |
| Principal and interest | $379 |
| Property taxes (0.47% a year) | $22 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $451 |
Change the numbers in the calculator
Questions about home buying in Chunchula
What is the median home value in Chunchula?
About $57,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Chunchula?
Homeowners pay a median $270 a year, which is about 0.47% 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 Chunchula?
For the median home with 20% down at 7.11%, the payment is about $355 a month. Keeping that under 28% of gross income takes about $15,228 a year.
More about Chunchula
- Mortgage Refinance in Chunchula
- Debt Relief in Chunchula
- Home Equity Loans in Chunchula
- 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