Total monthly cost of ownership
Cost to Own a Home in Parrish, Alabama
A $50,000 home here costs
$620per 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 $26,500 a year.
A standard mortgage calculator would have told you $273. The real number is $347 higher every month, 127% more than the payment most buyers budget for.
Compare Walker County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Parrish from a five-year rolling sample, and with about 1,093 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 Walker 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.
Parrish against Walker County and Alabama
| Measure | Parrish | Walker County |
|---|---|---|
| Median home value | $49,900 | $131,100 |
| Median property tax | $199 | $357 |
| Effective tax rate | 0.399% | 0.272% |
| Median gross rent | $1,033 | $743 |
| Population | 1,093 | 64,886 |
The weather behind that power bill
Parrish sits in Walker County, which averages a high of 89.8°F in its hottest month and a low of 30.6°F in its coldest, with 61.76" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,760 cooling and 3,134 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Walker County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walker County
Talk to someone who works this market
These are Parrish 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 Parrish every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Parrish I already own here and may sell
Common questions
How much does it cost to own a home in Parrish?
A $50,000 home in Parrish, Alabama costs approximately $620 per month with 20% down at 7.24%. That is $273 principal and interest, $17 property tax, $34 homeowners insurance, $255 utilities and $42 set aside for maintenance.
What is the property tax rate in Parrish?
Parrish has an effective property tax rate of 0.399%, based on a median home value of $49,900 and median real estate taxes of $199. That is higher than the Walker County average of 0.272%.
What is the average home price in Parrish?
The median owner-occupied home value in Parrish, Alabama is $49,900, against $131,100 across Walker County.
Is it cheaper to rent or buy in Parrish?
Median gross rent in Parrish is $1,033 a month, against $620 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Parrish?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Parrish, Alabama at today's rate takes a household income of roughly $26,500 a year. That covers the full $620 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Parrish, 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.