Total monthly cost of ownership
Cost to Own a Home in Carbon Hill, Alabama
A $78,000 home here costs
$757per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $401. The real number is $356 higher every month — 89% 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.
Carbon Hill against Walker County and Alabama
| Measure | Carbon Hill | Walker County |
|---|---|---|
| Median home value | $78,200 | $131,100 |
| Median property tax | $232 | $357 |
| Effective tax rate | 0.297% | 0.272% |
| Median gross rent | $415 | $743 |
| Population | 1,440 | 64,886 |
The weather behind that power bill
Carbon Hill sits in Walker County, which averages a high of 89.8°F in its hottest month and a low of 30.6°F in its coldest, with 61.76" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,760 cooling and 3,134 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Walker County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walker County
Common questions
How much does it cost to own a home in Carbon Hill?
A $78,000 home in Carbon Hill, Alabama costs approximately $757 per month with 20% down at 6.66%. That is $401 principal and interest, $19 property tax, $53 homeowners insurance, $219 utilities and $65 set aside for maintenance.
What is the property tax rate in Carbon Hill?
Carbon Hill has an effective property tax rate of 0.297%, based on a median home value of $78,200 and median real estate taxes of $232. That is higher than the Walker County average of 0.272%.
What is the average home price in Carbon Hill?
The median owner-occupied home value in Carbon Hill, Alabama is $78,200, against $131,100 across Walker County.
Is it cheaper to rent or buy in Carbon Hill?
Median gross rent in Carbon Hill is $415 a month, against $757 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 Carbon Hill — 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.