Total monthly cost of ownership
Cost to Own a Home in Demopolis, Alabama
A $199,000 home here costs
$1,617per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,023. The real number is $594 higher every month — 58% 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.
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 $151 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
Common questions
How much does it cost to own a home in Demopolis?
A $199,000 home in Demopolis, Alabama costs approximately $1,617 per month with 20% down at 6.66%. That is $1,023 principal and interest, $74 property tax, $136 homeowners insurance, $219 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 $1,617 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 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.