Total monthly cost of ownership
Cost to Own a Home in Guin, Alabama
A $111,000 home here costs
$1,057per 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 $45,500 a year.
A standard mortgage calculator would have told you $605. The real number is $452 higher every month, 75% more than the payment most buyers budget for.
Compare Marion County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Guin from a five-year rolling sample, and with about 2,469 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 Marion 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.
Guin against Marion County and Alabama
| Measure | Guin | Marion County |
|---|---|---|
| Median home value | $111,400 | $104,300 |
| Median property tax | $349 | $308 |
| Effective tax rate | 0.313% | 0.295% |
| Median gross rent | — | $583 |
| Population | 2,469 | 29,190 |
The weather behind that power bill
Guin sits in Marion County, which averages a high of 91.5°F in its hottest month and a low of 28.3°F in its coldest, with 61.71" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,782 cooling and 3,303 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Marion County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Talk to someone who works this market
These are Guin 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 Guin every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Guin?
A $111,000 home in Guin, Alabama costs approximately $1,057 per month with 20% down at 7.24%. That is $605 principal and interest, $29 property tax, $76 homeowners insurance, $255 utilities and $93 set aside for maintenance.
What is the property tax rate in Guin?
Guin has an effective property tax rate of 0.313%, based on a median home value of $111,400 and median real estate taxes of $349. That is higher than the Marion County average of 0.295%.
What is the average home price in Guin?
The median owner-occupied home value in Guin, Alabama is $111,400, against $104,300 across Marion County.
Is it cheaper to rent or buy in Guin?
Rent data is not published for Guin at this level of detail.
What salary do you need to buy a home in Guin?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Guin, Alabama at today's rate takes a household income of roughly $45,500 a year. That covers the full $1,057 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Guin, 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.