Total monthly cost of ownership
Cost to Own a Home in Fort Deposit, Alabama
A $66,000 home here costs
$739per 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 $31,500 a year.
A standard mortgage calculator would have told you $360. The real number is $379 higher every month, 105% more than the payment most buyers budget for.
Compare Lowndes County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Fort Deposit from a five-year rolling sample, and with about 1,560 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 Lowndes 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.
Fort Deposit against Lowndes County and Alabama
| Measure | Fort Deposit | Lowndes County |
|---|---|---|
| Median home value | $66,300 | $80,600 |
| Median property tax | $295 | $329 |
| Effective tax rate | 0.445% | 0.408% |
| Median gross rent | $450 | $663 |
| Population | 1,560 | 10,008 |
The weather behind that power bill
Fort Deposit sits in Lowndes 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 $187 electricity line above.
See the full climate breakdown for Lowndes County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lowndes County
No other places of this size are published in Lowndes County.
Full Lowndes County cost breakdown · Every county in Alabama
Talk to someone who works this market
These are Fort Deposit 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 Fort Deposit every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fort Deposit I already own here and may sell
Common questions
How much does it cost to own a home in Fort Deposit?
A $66,000 home in Fort Deposit, Alabama costs approximately $739 per month with 20% down at 7.24%. That is $360 principal and interest, $24 property tax, $45 homeowners insurance, $255 utilities and $55 set aside for maintenance.
What is the property tax rate in Fort Deposit?
Fort Deposit has an effective property tax rate of 0.445%, based on a median home value of $66,300 and median real estate taxes of $295. That is higher than the Lowndes County average of 0.408%.
What is the average home price in Fort Deposit?
The median owner-occupied home value in Fort Deposit, Alabama is $66,300, against $80,600 across Lowndes County.
Is it cheaper to rent or buy in Fort Deposit?
Median gross rent in Fort Deposit is $450 a month, against $739 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Fort Deposit?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fort Deposit, Alabama at today's rate takes a household income of roughly $31,500 a year. That covers the full $739 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fort Deposit, 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.