Mortgage Rates in Alabama
Updated April 2026
Key Mortgage Metrics
Median Home Price
$245,000
30-Year Fixed Rate
6.8%
Property Tax Rate
0.41%
Est. Annual Property Tax
$1,004
Housing Market in Alabama
The median home price in Alabama is currently $245,000, with an average 30-year fixed mortgage rate of 6.8%. Property taxes in Alabama average 0.41% of home value, translating to approximately $1,004 annually on a median-priced home.
Use our mortgage calculator to estimate your monthly payments based on your specific down payment and loan terms.
First-Time Homebuyer Programs
Alabama offers several programs to help first-time homebuyers:
- Alabama Housing Finance Authority programs
- First-time homebuyer down payment assistance
Contact your state housing finance agency for eligibility requirements and application details.
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