Total monthly cost of ownership
Cost to Own a Home in Double Springs, Alabama
A $125,000 home here costs
$1,086per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $643. The real number is $443 higher every month — 69% 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.
Double Springs against Winston County and Alabama
| Measure | Double Springs | Winston County |
|---|---|---|
| Median home value | $125,000 | $110,500 |
| Median property tax | $418 | $363 |
| Effective tax rate | 0.334% | 0.329% |
| Median gross rent | $363 | $744 |
| Population | 1,188 | 23,637 |
The weather behind that power bill
Double Springs sits in Winston County, which averages a high of 88.0°F in its hottest month and a low of 29.4°F in its coldest, with 60.78" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,475 cooling and 3,396 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Winston County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Winston County
No other places of this size are published in Winston County.
Full Winston County cost breakdown · Every county in Alabama
Common questions
How much does it cost to own a home in Double Springs?
A $125,000 home in Double Springs, Alabama costs approximately $1,086 per month with 20% down at 6.66%. That is $643 principal and interest, $35 property tax, $85 homeowners insurance, $219 utilities and $104 set aside for maintenance.
What is the property tax rate in Double Springs?
Double Springs has an effective property tax rate of 0.334%, based on a median home value of $125,000 and median real estate taxes of $418. That is in line with the Winston County average of 0.329%.
What is the average home price in Double Springs?
The median owner-occupied home value in Double Springs, Alabama is $125,000, against $110,500 across Winston County.
Is it cheaper to rent or buy in Double Springs?
Median gross rent in Double Springs is $363 a month, against $1,086 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 Double Springs — 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.