The typical owner-occupied home in Emelle is worth about $73,300, 65% below the Alabama median of $209,900 and 78% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.27% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $11,786 a year, so the median home costs 6.2 times the median income (3.3 times for Alabama). 85% of occupied homes here are lived in by their owners, and 3% of those owners still have a mortgage.
Emelle at a glance
| Emelle | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $73,300 | $209,900 | $332,700 |
| Median property tax paid per year | $199 | $788 | $3,119 |
| Property tax as a share of value | 0.27% | 0.38% | 0.94% |
| Median household income | $11,786 | $63,999 | $80,734 |
| Homes lived in by their owners | 85% | 70% | 65% |
| Owner homes with a mortgage | 3% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,433 | $1,963 |
| Median rent | – | $1,007 | $1,413 |
| Median year homes were built | 1995 | 1986 | 1980 |
| Vacant homes | 2.4% | 14.5% | 10.1% |
| Population | 48 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Emelle
At this week's average 30-year rate of 7.11%, buying the median Emelle home of $73,300 with 20% down costs about $442 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $564, 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 $18,922 for the 20%-down payment. That payment is 45% of the median Emelle household income of $11,786; at that income and 20% down, the 28% guideline points to a home of about $46,000.
| Down payment | $14,660 |
|---|---|
| Loan amount | $58,640 |
| Principal and interest | $394 |
| Property taxes (0.27% a year) | $16 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $442 |
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| Down payment | $2,566 |
|---|---|
| Loan amount | $71,972 |
| Principal and interest | $484 |
| Property taxes (0.27% a year) | $16 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $32 |
| Total per month | $564 |
Change the numbers in the calculator
Questions about home buying in Emelle
What is the median home value in Emelle?
About $73,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Emelle?
Homeowners pay a median $199 a year, which is about 0.27% 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 Emelle?
For the median home with 20% down at 7.11%, the payment is about $442 a month. Keeping that under 28% of gross income takes about $18,922 a year.
More about Emelle
- Mortgage Refinance in Emelle
- Debt Relief in Emelle
- Home Equity Loans in Emelle
- 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