Monroe County, Alabama home prices
Typical home $139,546 · +4.0% in a year · property tax 0.32%
The typical home in Monroe County is worth $139,546, 42% less than the Alabama typical home ($238,614). Values changed +4.0% in the past year and +7.7% over five years. Homeowners here pay a median 0.32% of their home's value in property tax each year ($441 on the typical home), versus 0.38% statewide.
Mortgage on the typical Monroe County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $27,909 | $111,637 | $751 | $0 | $107 | $857 | $36,700 |
| 10% down | $13,955 | $125,591 | $845 | $52 | $107 | $1,004 | $43,000 |
| 5% down | $6,977 | $132,569 | $892 | $55 | $107 | $1,054 | $45,200 |
| 3.5% down (FHA) | $4,884 | $137,018 | $922 | $62 | $107 | $1,090 | $46,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.32% 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.
Alabama counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wilcox County | $139,501 | +4.0% | 0.32% |
| Lowndes County | $139,599 | +2.4% | 0.39% |
| Crenshaw County | $139,886 | +3.3% | 0.32% |
| Clarke County | $141,172 | +3.8% | 0.33% |
| Chambers County | $141,713 | +1.6% | 0.39% |
| Pickens County | $133,872 | -2.2% | 0.29% |
| Marengo County | $133,531 | -2.9% | 0.38% |
| Macon County | $132,876 | +3.5% | 0.5% |
| Fayette County | $146,364 | +2.5% | 0.28% |
| Covington County | $147,960 | -0.2% | 0.26% |
Frequently asked questions
What is the average home price in Monroe County, AL?
The typical home value in Monroe County is $139,546 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Monroe County?
About $36,700 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Monroe County?
The median effective rate is 0.32% of home value a year (Census ACS 2024 5-year estimates).