Total monthly cost of ownership
Cost to Own a Home in Eutaw, Alabama
A $98,000 home here costs
$927per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $504. The real number is $424 higher every month — 84% 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.
Eutaw against Greene County and Alabama
| Measure | Eutaw | Greene County |
|---|---|---|
| Median home value | $98,300 | $86,400 |
| Median property tax | $678 | $422 |
| Effective tax rate | 0.690% | 0.488% |
| Median gross rent | — | $429 |
| Population | 2,864 | 7,589 |
The weather behind that power bill
Eutaw sits in Greene County, which averages a high of 91.1°F in its hottest month and a low of 34.8°F in its coldest, with 59.96" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,101 cooling and 2,461 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Greene County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greene County
No other places of this size are published in Greene County.
Common questions
How much does it cost to own a home in Eutaw?
A $98,000 home in Eutaw, Alabama costs approximately $927 per month with 20% down at 6.66%. That is $504 principal and interest, $56 property tax, $67 homeowners insurance, $219 utilities and $82 set aside for maintenance.
What is the property tax rate in Eutaw?
Eutaw has an effective property tax rate of 0.690%, based on a median home value of $98,300 and median real estate taxes of $678. That is higher than the Greene County average of 0.488%.
What is the average home price in Eutaw?
The median owner-occupied home value in Eutaw, Alabama is $98,300, against $86,400 across Greene County.
Is it cheaper to rent or buy in Eutaw?
Rent data is not published for Eutaw at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Eutaw — 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.