The typical owner-occupied home in Sylacauga is worth about $161,200, 23% below the Alabama median of $209,900 and 52% below the national median of $332,700. Owners pay a median $783 a year in property taxes, about 0.49% of their home's value, higher than the Alabama rate of 0.38%. The median household earns $50,017 a year, so the median home costs 3.2 times the median income (3.3 times for Alabama). 55% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Sylacauga at a glance
| Sylacauga | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $161,200 | $209,900 | $332,700 |
| Median property tax paid per year | $783 | $788 | $3,119 |
| Property tax as a share of value | 0.49% | 0.38% | 0.94% |
| Median household income | $50,017 | $63,999 | $80,734 |
| Homes lived in by their owners | 55% | 70% | 65% |
| Owner homes with a mortgage | 62% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,170 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 19.0% | 21.0% |
| Median rent | $773 | $1,007 | $1,413 |
| Rent as a share of renters' income | 25.1% | 29.5% | 30.6% |
| Median year homes were built | 1973 | 1986 | 1980 |
| Vacant homes | 8.0% | 14.5% | 10.1% |
| Population | 12,309 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Sylacauga
At this week's average 30-year rate of 7.11%, buying the median Sylacauga home of $161,200 with 20% down costs about $1,001 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,269, 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 $42,879 for the 20%-down payment. That payment is 24% of the median Sylacauga household income of $50,017; at that income and 20% down, the 28% guideline points to a home of about $188,000.
The median rent here is $773 a month, so owning the median home costs about $228 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,240 |
|---|---|
| Loan amount | $128,960 |
| Principal and interest | $868 |
| Property taxes (0.49% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| PMI | $0 |
| Total per month | $1,001 |
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| Down payment | $5,642 |
|---|---|
| Loan amount | $158,280 |
| Principal and interest | $1,065 |
| Property taxes (0.49% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| FHA mortgage insurance | $71 |
| Total per month | $1,269 |
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Questions about home buying in Sylacauga
What is the median home value in Sylacauga?
About $161,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sylacauga?
Homeowners pay a median $783 a year, which is about 0.49% 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 Sylacauga?
For the median home with 20% down at 7.11%, the payment is about $1,001 a month. Keeping that under 28% of gross income takes about $42,879 a year.
More about Sylacauga
- Mortgage Refinance in Sylacauga
- Debt Relief in Sylacauga
- Home Equity Loans in Sylacauga
- 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