Total monthly cost of ownership
Cost to Own a Home in Prattville, Alabama
A $209,000 home here costs
$1,665per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,074. The real number is $590 higher every month — 55% 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.
Prattville against Elmore County and Alabama
| Measure | Prattville | Elmore County |
|---|---|---|
| Median home value | $208,500 | $213,600 |
| Median property tax | $652 | $563 |
| Effective tax rate | 0.313% | 0.264% |
| Median gross rent | $1,250 | $1,014 |
| Population | 38,850 | 88,669 |
Prattville extends across 2 counties. Figures here use Elmore County, where most of its housing sits.
The weather behind that power bill
Prattville sits in Elmore County, which averages a high of 93.7°F in its hottest month and a low of 36.5°F in its coldest, with 51.16" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,540 cooling and 2,000 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Elmore County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Elmore County
Common questions
How much does it cost to own a home in Prattville?
A $209,000 home in Prattville, Alabama costs approximately $1,665 per month with 20% down at 6.66%. That is $1,074 principal and interest, $55 property tax, $143 homeowners insurance, $219 utilities and $174 set aside for maintenance.
What is the property tax rate in Prattville?
Prattville has an effective property tax rate of 0.313%, based on a median home value of $208,500 and median real estate taxes of $652. That is higher than the Elmore County average of 0.264%.
What is the average home price in Prattville?
The median owner-occupied home value in Prattville, Alabama is $208,500, against $213,600 across Elmore County.
Is it cheaper to rent or buy in Prattville?
Median gross rent in Prattville is $1,250 a month, against $1,665 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 Prattville — 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.