Total monthly cost of ownership
Cost to Own a Home in Demopolis, Alabama
A $199,000 home here costs
$1,715per 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 $73,500 a year.
A standard mortgage calculator would have told you $1,085. The real number is $630 higher every month, 58% more than the payment most buyers budget for.
Compare Marengo 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.
Demopolis against Marengo County and Alabama
| Measure | Demopolis | Marengo County |
|---|---|---|
| Median home value | $198,900 | $103,400 |
| Median property tax | $885 | $397 |
| Effective tax rate | 0.445% | 0.384% |
| Median gross rent | $687 | $722 |
| Population | 7,010 | 19,027 |
The weather behind that power bill
Demopolis sits in Marengo County, which averages a high of 89.8°F in its hottest month and a low of 35.5°F in its coldest, with 56.94" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,985 cooling and 2,326 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Marengo County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marengo County
Full Marengo County cost breakdown · Every county in Alabama
Talk to someone who works this market
These are Demopolis 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 Demopolis every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Demopolis I already own here and may sell
Common questions
How much does it cost to own a home in Demopolis?
A $199,000 home in Demopolis, Alabama costs approximately $1,715 per month with 20% down at 7.24%. That is $1,085 principal and interest, $74 property tax, $136 homeowners insurance, $255 utilities and $166 set aside for maintenance.
What is the property tax rate in Demopolis?
Demopolis has an effective property tax rate of 0.445%, based on a median home value of $198,900 and median real estate taxes of $885. That is higher than the Marengo County average of 0.384%.
What is the average home price in Demopolis?
The median owner-occupied home value in Demopolis, Alabama is $198,900, against $103,400 across Marengo County.
Is it cheaper to rent or buy in Demopolis?
Median gross rent in Demopolis is $687 a month, against $1,715 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 Demopolis?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Demopolis, Alabama at today's rate takes a household income of roughly $73,500 a year. That covers the full $1,715 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Demopolis, 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.