Total monthly cost of ownership
Cost to Own a Home in Phenix City, Alabama
A $160,000 home here costs
$1,350per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $823. The real number is $528 higher every month — 64% 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.
Phenix City against Lee County and Alabama
| Measure | Phenix City | Lee County |
|---|---|---|
| Median home value | $160,000 | $238,700 |
| Median property tax | $798 | $1,183 |
| Effective tax rate | 0.499% | 0.496% |
| Median gross rent | $926 | $999 |
| Population | 38,477 | 177,663 |
Phenix City extends across 2 counties. Figures here use Lee County, where most of its housing sits.
The weather behind that power bill
Phenix City sits in Lee County, which averages a high of 89.2°F in its hottest month and a low of 35.3°F in its coldest, with 56.49" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,916 cooling and 2,414 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Lee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lee County
Common questions
How much does it cost to own a home in Phenix City?
A $160,000 home in Phenix City, Alabama costs approximately $1,350 per month with 20% down at 6.66%. That is $823 principal and interest, $67 property tax, $109 homeowners insurance, $219 utilities and $133 set aside for maintenance.
What is the property tax rate in Phenix City?
Phenix City has an effective property tax rate of 0.499%, based on a median home value of $160,000 and median real estate taxes of $798. That is in line with the Lee County average of 0.496%.
What is the average home price in Phenix City?
The median owner-occupied home value in Phenix City, Alabama is $160,000, against $238,700 across Lee County.
Is it cheaper to rent or buy in Phenix City?
Median gross rent in Phenix City is $926 a month, against $1,350 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 Phenix 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.