Total monthly cost of ownership
Cost to Own a Home in Dadeville, Alabama
A $164,000 home here costs
$1,434per 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 $61,500 a year.
A standard mortgage calculator would have told you $894. The real number is $540 higher every month, 60% more than the payment most buyers budget for.
Compare Tallapoosa County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Dadeville from a five-year rolling sample, and with about 3,034 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 Tallapoosa 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.
Dadeville against Tallapoosa County and Alabama
| Measure | Dadeville | Tallapoosa County |
|---|---|---|
| Median home value | $163,500 | $144,800 |
| Median property tax | $435 | $450 |
| Effective tax rate | 0.266% | 0.311% |
| Median gross rent | $946 | $734 |
| Population | 3,034 | 41,070 |
The weather behind that power bill
Dadeville sits in Tallapoosa County, which averages a high of 90.0°F in its hottest month and a low of 30.2°F in its coldest, with 56.52" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,602 cooling and 2,958 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Tallapoosa County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tallapoosa County
Full Tallapoosa County cost breakdown · Every county in Alabama
Talk to someone who works this market
These are Dadeville 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 Dadeville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Dadeville I already own here and may sell
Common questions
How much does it cost to own a home in Dadeville?
A $164,000 home in Dadeville, Alabama costs approximately $1,434 per month with 20% down at 7.24%. That is $894 principal and interest, $36 property tax, $112 homeowners insurance, $255 utilities and $137 set aside for maintenance.
What is the property tax rate in Dadeville?
Dadeville has an effective property tax rate of 0.266%, based on a median home value of $163,500 and median real estate taxes of $435. That is lower than the Tallapoosa County average of 0.311%.
What is the average home price in Dadeville?
The median owner-occupied home value in Dadeville, Alabama is $163,500, against $144,800 across Tallapoosa County.
Is it cheaper to rent or buy in Dadeville?
Median gross rent in Dadeville is $946 a month, against $1,434 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 Dadeville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Dadeville, Alabama at today's rate takes a household income of roughly $61,500 a year. That covers the full $1,434 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Dadeville, 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.