Total monthly cost of ownership
Cost to Own a Home in Killen, Alabama
A $163,000 home here costs
$1,357per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $838. The real number is $519 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.
Killen against Lauderdale County and Alabama
| Measure | Killen | Lauderdale County |
|---|---|---|
| Median home value | $162,800 | $185,800 |
| Median property tax | $631 | $697 |
| Effective tax rate | 0.388% | 0.375% |
| Median gross rent | $954 | $799 |
| Population | 1,431 | 95,037 |
The weather behind that power bill
Killen sits in Lauderdale County, which averages a high of 89.2°F in its hottest month and a low of 31.2°F in its coldest, with 57.56" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,651 cooling and 3,190 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Lauderdale County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lauderdale County
Full Lauderdale County cost breakdown · Every county in Alabama
Common questions
How much does it cost to own a home in Killen?
A $163,000 home in Killen, Alabama costs approximately $1,357 per month with 20% down at 6.66%. That is $838 principal and interest, $53 property tax, $111 homeowners insurance, $219 utilities and $136 set aside for maintenance.
What is the property tax rate in Killen?
Killen has an effective property tax rate of 0.388%, based on a median home value of $162,800 and median real estate taxes of $631. That is higher than the Lauderdale County average of 0.375%.
What is the average home price in Killen?
The median owner-occupied home value in Killen, Alabama is $162,800, against $185,800 across Lauderdale County.
Is it cheaper to rent or buy in Killen?
Median gross rent in Killen is $954 a month, against $1,357 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 Killen — 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.