Total monthly cost of ownership
Cost to Own a Home in Midland City, Alabama
A $153,000 home here costs
$1,270per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $787. The real number is $483 higher every month — 61% 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.
Midland City against Dale County and Alabama
| Measure | Midland City | Dale County |
|---|---|---|
| Median home value | $153,400 | $129,100 |
| Median property tax | $389 | $426 |
| Effective tax rate | 0.254% | 0.330% |
| Median gross rent | $581 | $863 |
| Population | 1,803 | 49,516 |
The weather behind that power bill
Midland City sits in Dale County, which averages a high of 93.3°F in its hottest month and a low of 39.8°F in its coldest, with 53.85" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,686 cooling and 1,633 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Dale County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dale County
Common questions
How much does it cost to own a home in Midland City?
A $153,000 home in Midland City, Alabama costs approximately $1,270 per month with 20% down at 6.66%. That is $787 principal and interest, $32 property tax, $104 homeowners insurance, $219 utilities and $128 set aside for maintenance.
What is the property tax rate in Midland City?
Midland City has an effective property tax rate of 0.254%, based on a median home value of $153,400 and median real estate taxes of $389. That is lower than the Dale County average of 0.330%.
What is the average home price in Midland City?
The median owner-occupied home value in Midland City, Alabama is $153,400, against $129,100 across Dale County.
Is it cheaper to rent or buy in Midland City?
Median gross rent in Midland City is $581 a month, against $1,270 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 Midland City — 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.