The typical owner-occupied home in Bon Air is worth about $73,000, 65% below the Alabama median of $209,900 and 78% below the national median of $332,700. The median household earns $38,000 a year, so the median home costs 1.9 times the median income (3.3 times for Alabama). 76% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Bon Air at a glance
| Bon Air | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $73,000 | $209,900 | $332,700 |
| Median property tax paid per year | – | $788 | $3,119 |
| Median household income | $38,000 | $63,999 | $80,734 |
| Homes lived in by their owners | 76% | 70% | 65% |
| Owner homes with a mortgage | 34% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $2,000 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 15.0% | 19.0% | 21.0% |
| Median rent | $910 | $1,007 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.5% | 30.6% |
| Median year homes were built | 1972 | 1986 | 1980 |
| Vacant homes | 3.6% | 14.5% | 10.1% |
| Population | 141 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Bon Air
At this week's average 30-year rate of 7.11%, buying the median Bon Air home of $73,000 with 20% down costs about $490 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $612, 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 $21,008 for the 20%-down payment. That payment is 15% of the median Bon Air household income of $38,000; at that income and 20% down, the 28% guideline points to a home of about $132,000.
The median rent here is $910 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,600 |
|---|---|
| Loan amount | $58,400 |
| Principal and interest | $393 |
| Property taxes (1.10% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $490 |
Change the numbers in the calculator
| Down payment | $2,555 |
|---|---|
| Loan amount | $71,678 |
| Principal and interest | $482 |
| Property taxes (1.10% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $612 |
Change the numbers in the calculator
Questions about home buying in Bon Air
What is the median home value in Bon Air?
About $73,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Bon Air?
For the median home with 20% down at 7.11%, the payment is about $490 a month. Keeping that under 28% of gross income takes about $21,008 a year.
More about Bon Air
- Mortgage Refinance in Bon Air
- Debt Relief in Bon Air
- Home Equity Loans in Bon Air
- 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