Total monthly cost of ownership
Cost to Own a Home in Marion, Alabama
A $108,000 home here costs
$979per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $555. The real number is $424 higher every month — 76% 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.
Marion against Perry County and Alabama
| Measure | Marion | Perry County |
|---|---|---|
| Median home value | $108,300 | $87,700 |
| Median property tax | $496 | $325 |
| Effective tax rate | 0.458% | 0.371% |
| Median gross rent | $533 | $610 |
| Population | 2,994 | 8,231 |
The weather behind that power bill
Marion sits in Perry County, which averages a high of 91.3°F in its hottest month and a low of 34.1°F in its coldest, with 55.35" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,006 cooling and 2,498 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Perry County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Perry County
Common questions
How much does it cost to own a home in Marion?
A $108,000 home in Marion, Alabama costs approximately $979 per month with 20% down at 6.66%. That is $555 principal and interest, $41 property tax, $74 homeowners insurance, $219 utilities and $90 set aside for maintenance.
What is the property tax rate in Marion?
Marion has an effective property tax rate of 0.458%, based on a median home value of $108,300 and median real estate taxes of $496. That is higher than the Perry County average of 0.371%.
What is the average home price in Marion?
The median owner-occupied home value in Marion, Alabama is $108,300, against $87,700 across Perry County.
Is it cheaper to rent or buy in Marion?
Median gross rent in Marion is $533 a month, against $979 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 Marion — 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.