Total monthly cost of ownership
Cost to Own a Home in Berry, Alabama
A $104,000 home here costs
$1,002per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $43,000 a year.
A standard mortgage calculator would have told you $567. The real number is $435 higher every month, 77% more than the payment most buyers budget for.
Compare Fayette County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Berry from a five-year rolling sample, and with about 1,063 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Fayette County figures are drawn from a far larger sample if you want a steadier number.
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 $187 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
Talk to someone who works this market
These are Berry averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Berry every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Berry?
A $104,000 home in Berry, Alabama costs approximately $1,002 per month with 20% down at 7.24%. That is $567 principal and interest, $23 property tax, $71 homeowners insurance, $255 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 $1,002 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Berry?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Berry, Alabama at today's rate takes a household income of roughly $43,000 a year. That covers the full $1,002 monthly cost, not just the mortgage payment.
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.