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Tuscaloosa, AL mortgage & affordability calculator

The typical home in Tuscaloosa, AL is worth about $250,000. With 20% down that's a loan near $200,000 — the calculator is pre-filled with that figure. The University of Alabama drives much of Tuscaloosa's housing demand, including a large off-campus rental market that shapes pricing citywide. Alabama's property tax rate is among the lowest in the nation, keeping the tax line small relative to almost any other line in the monthly payment.

$1,298.53 / month

Total interest
$267,466
Total paid
$467,466
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$50k$100k$150k$200k0612182430Year

How much you need to earn

Tuscaloosa, AL's median household income is about $60,000 a year. Under standard 28/36 lending rules that supports a home price around $225,840 with 20% down — below the $250,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$225,892 max home price

Max loan amount
$175,892
Housing payment budget
$1,400
P&I budget
$1,142
Bound by
front-end ratio

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

Typical asking rent in Tuscaloosa, AL is about $1,200 a month, so owning the median home costs roughly $357 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Tuscaloosa, AL?
On the metro's roughly $250,000 typical home with 20% down, the loan is about $200,000. Principal and interest run near $1,299 a month at today's rate, and Tuscaloosa, AL's property tax plus insurance add about $258, for a full payment near $1,557.
Can I afford a home in Tuscaloosa, AL on the median income?
The median household income is about $60,000 a year. Under standard 28/36 lending rules that supports a home price around $225,840 with 20% down — below the $250,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Tuscaloosa, AL?
Typical asking rent is about $1,200 a month. The full owner payment on a median home is near $1,557, so owning costs roughly $357 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Tuscaloosa, AL?
The effective property tax rate in the core county is about 0.40% of market value — roughly $1,000 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Tuscaloosa, AL rising or falling?
Home values are up about 4% over the past year. The University of Alabama drives much of Tuscaloosa's housing demand, including a large off-campus rental market that shapes pricing citywide. Alabama's property tax rate is among the lowest in the nation, keeping the tax line small relative to almost any other line in the monthly payment.

Nearby metros

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