Total monthly cost of ownership
Cost to Own a Home in Cullman, Alabama
A $215,000 home here costs
$1,814per 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 $77,500 a year.
A standard mortgage calculator would have told you $1,172. The real number is $641 higher every month, 55% more than the payment most buyers budget for.
Compare Cullman County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cullman against Cullman County and Alabama
| Measure | Cullman | Cullman County |
|---|---|---|
| Median home value | $215,200 | $180,500 |
| Median property tax | $731 | $457 |
| Effective tax rate | 0.340% | 0.253% |
| Median gross rent | $921 | $883 |
| Population | 18,894 | 89,463 |
The weather behind that power bill
Cullman sits in Cullman County, which averages a high of 87.9°F in its hottest month and a low of 30.9°F in its coldest, with 58.66" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,471 cooling and 3,305 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Cullman County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cullman County
Full Cullman County cost breakdown · Every county in Alabama
Talk to someone who works this market
These are Cullman 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 Cullman every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cullman I already own here and may sell
Common questions
How much does it cost to own a home in Cullman?
A $215,000 home in Cullman, Alabama costs approximately $1,814 per month with 20% down at 7.24%. That is $1,172 principal and interest, $61 property tax, $147 homeowners insurance, $255 utilities and $179 set aside for maintenance.
What is the property tax rate in Cullman?
Cullman has an effective property tax rate of 0.340%, based on a median home value of $215,200 and median real estate taxes of $731. That is higher than the Cullman County average of 0.253%.
What is the average home price in Cullman?
The median owner-occupied home value in Cullman, Alabama is $215,200, against $180,500 across Cullman County.
Is it cheaper to rent or buy in Cullman?
Median gross rent in Cullman is $921 a month, against $1,814 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 Cullman?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cullman, Alabama at today's rate takes a household income of roughly $77,500 a year. That covers the full $1,814 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cullman, 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.