Calculate using real Birmingham data. Median home price: $160,000. Property tax rate: 0.4%.
The median home price in Birmingham, AL is $160,000. With a 20% down payment, you would need $32,000 down and finance $128,000.
Based on the median home price of $160,000 with 20% down at a 6.5% rate, the estimated monthly payment (principal & interest) is approximately $809.
The median household income in Birmingham, AL is $37,840, which impacts how much home you can afford.