Total monthly cost of ownership
Cost to Own a Home in Coker, Alabama
A $204,000 home here costs
$1,608per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,049. The real number is $559 higher every month — 53% 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.
Coker against Tuscaloosa County and Alabama
| Measure | Coker | Tuscaloosa County |
|---|---|---|
| Median home value | $203,800 | $233,700 |
| Median property tax | $372 | $754 |
| Effective tax rate | 0.183% | 0.323% |
| Median gross rent | $1,299 | $997 |
| Population | 1,152 | 234,036 |
The weather behind that power bill
Coker sits in Tuscaloosa 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 Tuscaloosa County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tuscaloosa County
Full Tuscaloosa County cost breakdown · Every county in Alabama
Common questions
How much does it cost to own a home in Coker?
A $204,000 home in Coker, Alabama costs approximately $1,608 per month with 20% down at 6.66%. That is $1,049 principal and interest, $31 property tax, $139 homeowners insurance, $219 utilities and $170 set aside for maintenance.
What is the property tax rate in Coker?
Coker has an effective property tax rate of 0.183%, based on a median home value of $203,800 and median real estate taxes of $372. That is lower than the Tuscaloosa County average of 0.323%.
What is the average home price in Coker?
The median owner-occupied home value in Coker, Alabama is $203,800, against $233,700 across Tuscaloosa County.
Is it cheaper to rent or buy in Coker?
Median gross rent in Coker is $1,299 a month, against $1,608 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 Coker — 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.