Gadsden, AL home prices
Typical home $185,225 · +5.8% in a year · income needed $49,200
The Gadsden, AL metro area ranks 700 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.8% in a year and +23.0% over five years. With 20% down at 7.11%, the typical home costs about $1,149 a month including 0.39% property tax (Etowah County rate).
Mortgage on the typical Gadsden home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $37,045 | $148,180 | $997 | $0 | $152 | $1,149 | $49,200 |
| 10% down | $18,523 | $166,703 | $1,121 | $69 | $152 | $1,343 | $57,600 |
| 5% down | $9,261 | $175,964 | $1,184 | $73 | $152 | $1,409 | $60,400 |
| 3.5% down (FHA) | $6,483 | $181,870 | $1,223 | $82 | $152 | $1,458 | $62,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.39% 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.
Counties in the Gadsden area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Etowah County, AL | $185,226 | +5.8% | 0.39% |
What can you afford in Alabama on your salary? · Alabama home prices · Salaries in Alabama
Frequently asked questions
How much is a house in Gadsden?
The typical home in the Gadsden, AL metro area is worth $185,225 (Zillow, September 2026).
What salary do you need to buy a house in Gadsden?
About $49,200 a year for the typical home with 20% down at 7.11%.