Total monthly cost of ownership
Cost to Own a Home in Fayetteville, Alabama
A $229,000 home here costs
$1,903per 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 $81,500 a year.
A standard mortgage calculator would have told you $1,249. The real number is $654 higher every month, 52% more than the payment most buyers budget for.
Compare Talladega County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Fayetteville from a five-year rolling sample, and with about 1,135 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Talladega County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fayetteville against Talladega County and Alabama
| Measure | Fayetteville | Talladega County |
|---|---|---|
| Median home value | $228,500 | $137,900 |
| Median property tax | $628 | $509 |
| Effective tax rate | 0.275% | 0.369% |
| Median gross rent | — | $772 |
| Population | 1,135 | 81,170 |
The weather behind that power bill
Fayetteville sits in Talladega County, which averages a high of 90.8°F in its hottest month and a low of 30.6°F in its coldest, with 56.55" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,743 cooling and 3,013 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Talladega County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Talladega County
Full Talladega County cost breakdown · Every county in Alabama
Talk to someone who works this market
These are Fayetteville 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 Fayetteville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fayetteville I already own here and may sell
Common questions
How much does it cost to own a home in Fayetteville?
A $229,000 home in Fayetteville, Alabama costs approximately $1,903 per month with 20% down at 7.24%. That is $1,249 principal and interest, $52 property tax, $156 homeowners insurance, $255 utilities and $191 set aside for maintenance.
What is the property tax rate in Fayetteville?
Fayetteville has an effective property tax rate of 0.275%, based on a median home value of $228,500 and median real estate taxes of $628. That is lower than the Talladega County average of 0.369%.
What is the average home price in Fayetteville?
The median owner-occupied home value in Fayetteville, Alabama is $228,500, against $137,900 across Talladega County.
Is it cheaper to rent or buy in Fayetteville?
Rent data is not published for Fayetteville at this level of detail.
What salary do you need to buy a home in Fayetteville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fayetteville, Alabama at today's rate takes a household income of roughly $81,500 a year. That covers the full $1,903 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fayetteville, 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.