Total monthly cost of ownership
Cost to Own a Home in Millport, Alabama
A $102,000 home here costs
$927per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $524. The real number is $403 higher every month — 77% 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.
Millport against Lamar County and Alabama
| Measure | Millport | Lamar County |
|---|---|---|
| Median home value | $101,700 | $112,700 |
| Median property tax | $353 | $245 |
| Effective tax rate | 0.347% | 0.217% |
| Median gross rent | $644 | $548 |
| Population | 1,417 | 13,809 |
The weather behind that power bill
Millport sits in Lamar County, which averages a high of 91.8°F in its hottest month and a low of 33.4°F in its coldest, with 58.45" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,119 cooling and 2,635 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Lamar County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lamar County
Common questions
How much does it cost to own a home in Millport?
A $102,000 home in Millport, Alabama costs approximately $927 per month with 20% down at 6.66%. That is $524 principal and interest, $29 property tax, $70 homeowners insurance, $219 utilities and $85 set aside for maintenance.
What is the property tax rate in Millport?
Millport has an effective property tax rate of 0.347%, based on a median home value of $101,700 and median real estate taxes of $353. That is higher than the Lamar County average of 0.217%.
What is the average home price in Millport?
The median owner-occupied home value in Millport, Alabama is $101,700, against $112,700 across Lamar County.
Is it cheaper to rent or buy in Millport?
Median gross rent in Millport is $644 a month, against $927 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 Millport — 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.