Total monthly cost of ownership
Cost to Own a Home in La Fayette, Alabama
A $101,000 home here costs
$926per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $519. The real number is $407 higher every month — 78% 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.
La Fayette against Chambers County and Alabama
| Measure | La Fayette | Chambers County |
|---|---|---|
| Median home value | $101,300 | $129,700 |
| Median property tax | $418 | $496 |
| Effective tax rate | 0.413% | 0.382% |
| Median gross rent | $540 | $850 |
| Population | 2,665 | 34,450 |
The weather behind that power bill
La Fayette sits in Chambers County, which averages a high of 90.0°F in its hottest month and a low of 30.2°F in its coldest, with 56.52" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,602 cooling and 2,958 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Chambers County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chambers County
Full Chambers County cost breakdown · Every county in Alabama
Common questions
How much does it cost to own a home in La Fayette?
A $101,000 home in La Fayette, Alabama costs approximately $926 per month with 20% down at 6.66%. That is $519 principal and interest, $35 property tax, $69 homeowners insurance, $219 utilities and $84 set aside for maintenance.
What is the property tax rate in La Fayette?
La Fayette has an effective property tax rate of 0.413%, based on a median home value of $101,300 and median real estate taxes of $418. That is higher than the Chambers County average of 0.382%.
What is the average home price in La Fayette?
The median owner-occupied home value in La Fayette, Alabama is $101,300, against $129,700 across Chambers County.
Is it cheaper to rent or buy in La Fayette?
Median gross rent in La Fayette is $540 a month, against $926 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 La Fayette — 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.