The typical owner-occupied home in Dauphin Island is worth about $432,200, 2.1 times the Alabama median of $209,900 and 30% above the national median of $332,700. Owners pay a median $1,734 a year in property taxes, about 0.40% of their home's value, higher than the Alabama rate of 0.38%. The median household earns $67,206 a year, so the median home costs 6.4 times the median income (3.3 times for Alabama). 97% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Dauphin Island at a glance
| Dauphin Island | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $432,200 | $209,900 | $332,700 |
| Median property tax paid per year | $1,734 | $788 | $3,119 |
| Property tax as a share of value | 0.40% | 0.38% | 0.94% |
| Median household income | $67,206 | $63,999 | $80,734 |
| Homes lived in by their owners | 97% | 70% | 65% |
| Owner homes with a mortgage | 44% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,942 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 19.0% | 21.0% |
| Median rent | $1,844 | $1,007 | $1,413 |
| Median year homes were built | 1993 | 1986 | 1980 |
| Vacant homes | 61.5% | 14.5% | 10.1% |
| Population | 1,852 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Dauphin Island
At this week's average 30-year rate of 7.11%, buying the median Dauphin Island home of $432,200 with 20% down costs about $2,650 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,370, 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 $113,576 for the 20%-down payment. That payment is 47% of the median Dauphin Island household income of $67,206; at that income and 20% down, the 28% guideline points to a home of about $256,000.
The median rent here is $1,844 a month, so owning the median home costs about $806 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $86,440 |
|---|---|
| Loan amount | $345,760 |
| Principal and interest | $2,326 |
| Property taxes (0.40% a year) | $144 |
| Homeowners insurance (our estimate, 0.5% a year) | $180 |
| PMI | $0 |
| Total per month | $2,650 |
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| Down payment | $15,127 |
|---|---|
| Loan amount | $424,372 |
| Principal and interest | $2,855 |
| Property taxes (0.40% a year) | $144 |
| Homeowners insurance (our estimate, 0.5% a year) | $180 |
| FHA mortgage insurance | $191 |
| Total per month | $3,370 |
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Questions about home buying in Dauphin Island
What is the median home value in Dauphin Island?
About $432,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dauphin Island?
Homeowners pay a median $1,734 a year, which is about 0.40% 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 Dauphin Island?
For the median home with 20% down at 7.11%, the payment is about $2,650 a month. Keeping that under 28% of gross income takes about $113,576 a year.
More about Dauphin Island
- Mortgage Refinance in Dauphin Island
- Debt Relief in Dauphin Island
- Home Equity Loans in Dauphin Island
- 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