Total monthly cost of ownership
Cost to Own a Home in Berry, Alabama
A $104,000 home here costs
$934per 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 $400 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.
Berry against Fayette County and Alabama
| Measure | Berry | Fayette County |
|---|---|---|
| Median home value | $103,900 | $121,200 |
| Median property tax | $277 | $347 |
| Effective tax rate | 0.267% | 0.286% |
| Median gross rent | $465 | $622 |
| Population | 1,063 | 16,173 |
The weather behind that power bill
Berry sits in Fayette County, which averages a high of 91.8°F in its hottest month and a low of 34.4°F in its coldest, with 56.88" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,061 cooling and 2,640 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Fayette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fayette County
Full Fayette County cost breakdown · Every county in Alabama
Common questions
How much does it cost to own a home in Berry?
A $104,000 home in Berry, Alabama costs approximately $934 per month with 20% down at 6.66%. That is $535 principal and interest, $23 property tax, $71 homeowners insurance, $219 utilities and $87 set aside for maintenance.
What is the property tax rate in Berry?
Berry has an effective property tax rate of 0.267%, based on a median home value of $103,900 and median real estate taxes of $277. That is lower than the Fayette County average of 0.286%.
What is the average home price in Berry?
The median owner-occupied home value in Berry, Alabama is $103,900, against $121,200 across Fayette County.
Is it cheaper to rent or buy in Berry?
Median gross rent in Berry is $465 a month, against $934 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 Berry — 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.