Total monthly cost of ownership
Cost to Own a Home in Emerald Mountain, Alabama
A $294,000 home here costs
$2,236per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,511. The real number is $724 higher every month — 48% 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.
Emerald Mountain against Elmore County and Alabama
| Measure | Emerald Mountain | Elmore County |
|---|---|---|
| Median home value | $294,100 | $213,600 |
| Median property tax | $717 | $563 |
| Effective tax rate | 0.244% | 0.264% |
| Median gross rent | — | $1,014 |
| Population | 3,387 | 88,669 |
The weather behind that power bill
Emerald Mountain sits in Elmore County, which averages a high of 93.7°F in its hottest month and a low of 36.5°F in its coldest, with 51.16" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,540 cooling and 2,000 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Elmore County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Elmore County
Common questions
How much does it cost to own a home in Emerald Mountain?
A $294,000 home in Emerald Mountain, Alabama costs approximately $2,236 per month with 20% down at 6.66%. That is $1,511 principal and interest, $60 property tax, $201 homeowners insurance, $219 utilities and $245 set aside for maintenance.
What is the property tax rate in Emerald Mountain?
Emerald Mountain has an effective property tax rate of 0.244%, based on a median home value of $294,100 and median real estate taxes of $717. That is lower than the Elmore County average of 0.264%.
What is the average home price in Emerald Mountain?
The median owner-occupied home value in Emerald Mountain, Alabama is $294,100, against $213,600 across Elmore County.
Is it cheaper to rent or buy in Emerald Mountain?
Rent data is not published for Emerald Mountain at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Emerald Mountain — 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.