Total monthly cost of ownership
Cost to Own a Home in Aliceville, Alabama
A $104,000 home here costs
$938per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $535. The real number is $403 higher every month — 75% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Aliceville against Pickens County and Alabama
| Measure | Aliceville | Pickens County |
|---|---|---|
| Median home value | $104,300 | $123,300 |
| Median property tax | $323 | $356 |
| Effective tax rate | 0.310% | 0.289% |
| Median gross rent | $657 | $600 |
| Population | 2,338 | 18,843 |
The weather behind that power bill
Aliceville sits in Pickens County, which averages a high of 92.2°F in its hottest month and a low of 35.2°F in its coldest, with 57.31" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,212 cooling and 2,423 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Pickens County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pickens County
Full Pickens County cost breakdown · Every county in Alabama
Common questions
How much does it cost to own a home in Aliceville?
A $104,000 home in Aliceville, Alabama costs approximately $938 per month with 20% down at 6.66%. That is $535 principal and interest, $27 property tax, $71 homeowners insurance, $219 utilities and $87 set aside for maintenance.
What is the property tax rate in Aliceville?
Aliceville has an effective property tax rate of 0.310%, based on a median home value of $104,300 and median real estate taxes of $323. That is higher than the Pickens County average of 0.289%.
What is the average home price in Aliceville?
The median owner-occupied home value in Aliceville, Alabama is $104,300, against $123,300 across Pickens County.
Is it cheaper to rent or buy in Aliceville?
Median gross rent in Aliceville is $657 a month, against $938 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Aliceville — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Alabama.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.