Total monthly cost of ownership
Cost to Own a Home in Coats Bend, Alabama
A $147,000 home here costs
$1,328per 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 $57,000 a year.
A standard mortgage calculator would have told you $801. The real number is $526 higher every month, 66% more than the payment most buyers budget for.
Compare Etowah County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Coats Bend from a five-year rolling sample, and with about 1,429 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 Etowah 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.
Coats Bend against Etowah County and Alabama
| Measure | Coats Bend | Etowah County |
|---|---|---|
| Median home value | $147,100 | $160,600 |
| Median property tax | $589 | $585 |
| Effective tax rate | 0.400% | 0.364% |
| Median gross rent | — | $807 |
| Population | 1,429 | 103,208 |
The weather behind that power bill
Coats Bend sits in Etowah County, which averages a high of 90.9°F in its hottest month and a low of 32.8°F in its coldest, with 57.64" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,018 cooling and 2,782 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Etowah County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Etowah County
Talk to someone who works this market
These are Coats Bend 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 Coats Bend every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Coats Bend I already own here and may sell
Common questions
How much does it cost to own a home in Coats Bend?
A $147,000 home in Coats Bend, Alabama costs approximately $1,328 per month with 20% down at 7.24%. That is $801 principal and interest, $49 property tax, $100 homeowners insurance, $255 utilities and $123 set aside for maintenance.
What is the property tax rate in Coats Bend?
Coats Bend has an effective property tax rate of 0.400%, based on a median home value of $147,100 and median real estate taxes of $589. That is higher than the Etowah County average of 0.364%.
What is the average home price in Coats Bend?
The median owner-occupied home value in Coats Bend, Alabama is $147,100, against $160,600 across Etowah County.
Is it cheaper to rent or buy in Coats Bend?
Rent data is not published for Coats Bend at this level of detail.
What salary do you need to buy a home in Coats Bend?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Coats Bend, Alabama at today's rate takes a household income of roughly $57,000 a year. That covers the full $1,328 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Coats Bend, 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.