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Huntsville, AL mortgage & affordability calculator

The typical home in Huntsville, AL is worth about $310,000. With 20% down that's a loan near $248,000 — the calculator is pre-filled with that figure. NASA's Marshall Space Flight Center and a dense cluster of defense contractors have made Huntsville one of the fastest-growing and highest-income metros in the Deep South, with home prices well above the rest of Alabama. The state's low property tax rate is one of the few things keeping the payment from rising as fast as the sticker price has.

$1,610.17 / month

Total interest
$331,664
Total paid
$579,664
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$62k$124k$186k$248k0612182430Year

How much you need to earn

Huntsville, AL's median household income is about $78,000 a year. Under standard 28/36 lending rules that supports a home price around $300,026 with 20% down — below the $310,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$299,962 max home price

Max loan amount
$237,962
Housing payment budget
$1,820
P&I budget
$1,545
Bound by
front-end ratio

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

Typical asking rent in Huntsville, AL is about $1,400 a month, so owning the median home costs roughly $485 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Huntsville, AL?
On the metro's roughly $310,000 typical home with 20% down, the loan is about $248,000. Principal and interest run near $1,610 a month at today's rate, and Huntsville, AL's property tax plus insurance add about $275, for a full payment near $1,885.
Can I afford a home in Huntsville, AL on the median income?
The median household income is about $78,000 a year. Under standard 28/36 lending rules that supports a home price around $300,026 with 20% down — below the $310,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Huntsville, AL?
Typical asking rent is about $1,400 a month. The full owner payment on a median home is near $1,885, so owning costs roughly $485 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Huntsville, AL?
The effective property tax rate in the core county is about 0.45% of market value — roughly $1,395 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Huntsville, AL rising or falling?
Home values are up about 2% over the past year. NASA's Marshall Space Flight Center and a dense cluster of defense contractors have made Huntsville one of the fastest-growing and highest-income metros in the Deep South, with home prices well above the rest of Alabama. The state's low property tax rate is one of the few things keeping the payment from rising as fast as the sticker price has.

Nearby metros

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