Total monthly cost of ownership
Cost to Own a Home in Grove Hill, Alabama
A $151,000 home here costs
$1,261per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $776. The real number is $484 higher every month — 62% 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.
Grove Hill against Clarke County and Alabama
| Measure | Grove Hill | Clarke County |
|---|---|---|
| Median home value | $151,400 | $126,400 |
| Median property tax | $440 | $388 |
| Effective tax rate | 0.291% | 0.307% |
| Median gross rent | $738 | $785 |
| Population | 1,940 | 22,802 |
The weather behind that power bill
Grove Hill sits in Clarke County, which averages a high of 91.4°F in its hottest month and a low of 33.3°F in its coldest, with 61.38" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,147 cooling and 2,289 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Clarke County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clarke County
Common questions
How much does it cost to own a home in Grove Hill?
A $151,000 home in Grove Hill, Alabama costs approximately $1,261 per month with 20% down at 6.66%. That is $776 principal and interest, $37 property tax, $103 homeowners insurance, $219 utilities and $126 set aside for maintenance.
What is the property tax rate in Grove Hill?
Grove Hill has an effective property tax rate of 0.291%, based on a median home value of $151,400 and median real estate taxes of $440. That is lower than the Clarke County average of 0.307%.
What is the average home price in Grove Hill?
The median owner-occupied home value in Grove Hill, Alabama is $151,400, against $126,400 across Clarke County.
Is it cheaper to rent or buy in Grove Hill?
Median gross rent in Grove Hill is $738 a month, against $1,261 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 Grove Hill — 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.