Total monthly cost of ownership
Cost to Own a Home in Moulton, Alabama
A $116,000 home here costs
$1,106per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $47,500 a year.
A standard mortgage calculator would have told you $632. The real number is $474 higher every month, 75% more than the payment most buyers budget for.
Compare Lawrence County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Moulton from a five-year rolling sample, and with about 3,397 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Lawrence County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Moulton against Lawrence County and Alabama
| Measure | Moulton | Lawrence County |
|---|---|---|
| Median home value | $116,100 | $150,700 |
| Median property tax | $517 | $459 |
| Effective tax rate | 0.445% | 0.305% |
| Median gross rent | $613 | $708 |
| Population | 3,397 | 33,182 |
The weather behind that power bill
Moulton sits in Lawrence County, which averages a high of 88.4°F in its hottest month and a low of 30.0°F in its coldest, with 60.21" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,610 cooling and 3,335 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Lawrence County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lawrence County
Full Lawrence County cost breakdown · Every county in Alabama
Talk to someone who works this market
These are Moulton averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Moulton every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Moulton I already own here and may sell
Common questions
How much does it cost to own a home in Moulton?
A $116,000 home in Moulton, Alabama costs approximately $1,106 per month with 20% down at 7.24%. That is $632 principal and interest, $43 property tax, $79 homeowners insurance, $255 utilities and $97 set aside for maintenance.
What is the property tax rate in Moulton?
Moulton has an effective property tax rate of 0.445%, based on a median home value of $116,100 and median real estate taxes of $517. That is higher than the Lawrence County average of 0.305%.
What is the average home price in Moulton?
The median owner-occupied home value in Moulton, Alabama is $116,100, against $150,700 across Lawrence County.
Is it cheaper to rent or buy in Moulton?
Median gross rent in Moulton is $613 a month, against $1,106 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Moulton?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Moulton, Alabama at today's rate takes a household income of roughly $47,500 a year. That covers the full $1,106 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Moulton, 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.