Elmore County, Alabama home prices
Typical home $272,853 · +4.3% in a year · property tax 0.27%
The typical home in Elmore County is worth $272,853, 14% more than the Alabama typical home ($238,614). Values changed +4.3% in the past year and +26.1% over five years. Homeowners here pay a median 0.27% of their home's value in property tax each year ($743 on the typical home), versus 0.38% statewide.
Mortgage on the typical Elmore County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $54,571 | $218,282 | $1,468 | $0 | $198 | $1,667 | $71,400 |
| 10% down | $27,285 | $245,567 | $1,652 | $102 | $198 | $1,953 | $83,700 |
| 5% down | $13,643 | $259,210 | $1,744 | $108 | $198 | $2,050 | $87,900 |
| 3.5% down (FHA) | $9,550 | $267,911 | $1,802 | $121 | $198 | $2,121 | $90,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.27% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Alabama · part of the Montgomery metro area.
Alabama counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Saint Clair County | $279,967 | +3.5% | 0.32% |
| Autauga County | $265,448 | +3.8% | 0.3% |
| Tallapoosa County | $263,539 | -1.7% | 0.3% |
| Cullman County | $252,044 | +3.2% | 0.26% |
| Tuscaloosa County | $249,799 | +0.6% | 0.32% |
| Marshall County | $240,091 | +2.9% | 0.36% |
| Blount County | $235,551 | +2.1% | 0.3% |
| Madison County | $311,524 | +1.2% | 0.4% |
| Cleburne County | $232,870 | +6.4% | 0.29% |
| Cherokee County | $229,115 | +0.8% | 0.38% |
Frequently asked questions
What is the average home price in Elmore County, AL?
The typical home value in Elmore County is $272,853 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Elmore County?
About $71,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Elmore County?
The median effective rate is 0.27% of home value a year (Census ACS 2024 5-year estimates).