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Auburn, AL mortgage & affordability calculator

The typical home in Auburn, AL is worth about $390,000. With 20% down that's a loan near $312,000 — the calculator is pre-filled with that figure. Auburn University drives one of the fastest-growing housing markets in the state, with steady enrollment growth and a large student-rental sector pushing prices well above the Alabama norm. Alabama's low statewide property tax rate is one of the few things keeping the monthly payment in check.

$2,025.70 / month

Total interest
$417,252
Total paid
$729,252
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$78k$156k$234k$312k0612182430Year

How much you need to earn

Auburn, AL's median household income is about $68,000 a year. Under standard 28/36 lending rules that supports a home price around $276,969 with 20% down — below the $390,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$276,958 max home price

Max loan amount
$198,958
Housing payment budget
$1,587
P&I budget
$1,292
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Auburn, AL is about $1,400 a month, so owning the median home costs roughly $921 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Auburn, AL?
On the metro's roughly $390,000 typical home with 20% down, the loan is about $312,000. Principal and interest run near $2,026 a month at today's rate, and Auburn, AL's property tax plus insurance add about $295, for a full payment near $2,321.
Can I afford a home in Auburn, AL on the median income?
The median household income is about $68,000 a year. Under standard 28/36 lending rules that supports a home price around $276,969 with 20% down — below the $390,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Auburn, AL?
Typical asking rent is about $1,400 a month. The full owner payment on a median home is near $2,321, so owning costs roughly $921 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Auburn, AL?
The effective property tax rate in the core county is about 0.42% of market value — roughly $1,638 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Auburn, AL rising or falling?
Home values are up about 5% over the past year. Auburn University drives one of the fastest-growing housing markets in the state, with steady enrollment growth and a large student-rental sector pushing prices well above the Alabama norm. Alabama's low statewide property tax rate is one of the few things keeping the monthly payment in check.

Nearby metros

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