The typical owner-occupied home in Pell City is worth about $249,600, 19% above the Alabama median of $209,900 and 25% below the national median of $332,700. Owners pay a median $846 a year in property taxes, about 0.34% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $68,638 a year, so the median home costs 3.6 times the median income (3.3 times for Alabama). 68% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Pell City at a glance
| Pell City | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $249,600 | $209,900 | $332,700 |
| Median property tax paid per year | $846 | $788 | $3,119 |
| Property tax as a share of value | 0.34% | 0.38% | 0.94% |
| Median household income | $68,638 | $63,999 | $80,734 |
| Homes lived in by their owners | 68% | 70% | 65% |
| Owner homes with a mortgage | 58% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,476 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 19.0% | 21.0% |
| Median rent | $1,099 | $1,007 | $1,413 |
| Rent as a share of renters' income | 28.3% | 29.5% | 30.6% |
| Median year homes were built | 1991 | 1986 | 1980 |
| Vacant homes | 10.9% | 14.5% | 10.1% |
| Population | 13,587 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Pell City
At this week's average 30-year rate of 7.11%, buying the median Pell City home of $249,600 with 20% down costs about $1,518 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,934, 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 $65,056 for the 20%-down payment. That payment is 27% of the median Pell City household income of $68,638; at that income and 20% down, the 28% guideline points to a home of about $263,000.
The median rent here is $1,099 a month, so owning the median home costs about $419 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $49,920 |
|---|---|
| Loan amount | $199,680 |
| Principal and interest | $1,343 |
| Property taxes (0.34% a year) | $71 |
| Homeowners insurance (our estimate, 0.5% a year) | $104 |
| PMI | $0 |
| Total per month | $1,518 |
Change the numbers in the calculator
| Down payment | $8,736 |
|---|---|
| Loan amount | $245,079 |
| Principal and interest | $1,649 |
| Property taxes (0.34% a year) | $71 |
| Homeowners insurance (our estimate, 0.5% a year) | $104 |
| FHA mortgage insurance | $110 |
| Total per month | $1,934 |
Change the numbers in the calculator
Questions about home buying in Pell City
What is the median home value in Pell City?
About $249,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pell City?
Homeowners pay a median $846 a year, which is about 0.34% 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 Pell City?
For the median home with 20% down at 7.11%, the payment is about $1,518 a month. Keeping that under 28% of gross income takes about $65,056 a year.
More about Pell City
- Mortgage Refinance in Pell City
- Debt Relief in Pell City
- Home Equity Loans in Pell City
- 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