Total monthly cost of ownership
Cost to Own a Home in Grand Bay, Alabama
A $144,000 home here costs
$1,224per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $740. The real number is $484 higher every month — 65% 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.
Grand Bay against Mobile County and Alabama
| Measure | Grand Bay | Mobile County |
|---|---|---|
| Median home value | $143,800 | $176,600 |
| Median property tax | $562 | $849 |
| Effective tax rate | 0.391% | 0.481% |
| Median gross rent | $963 | $1,021 |
| Population | 3,765 | 413,162 |
The weather behind that power bill
Grand Bay sits in Mobile County, which averages a high of 90.9°F in its hottest month and a low of 40.7°F in its coldest, with 67.08" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,598 cooling and 1,616 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Mobile County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mobile County
Common questions
How much does it cost to own a home in Grand Bay?
A $144,000 home in Grand Bay, Alabama costs approximately $1,224 per month with 20% down at 6.66%. That is $740 principal and interest, $47 property tax, $98 homeowners insurance, $219 utilities and $120 set aside for maintenance.
What is the property tax rate in Grand Bay?
Grand Bay has an effective property tax rate of 0.391%, based on a median home value of $143,800 and median real estate taxes of $562. That is lower than the Mobile County average of 0.481%.
What is the average home price in Grand Bay?
The median owner-occupied home value in Grand Bay, Alabama is $143,800, against $176,600 across Mobile County.
Is it cheaper to rent or buy in Grand Bay?
Median gross rent in Grand Bay is $963 a month, against $1,224 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 Grand Bay — 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.