Total monthly cost of ownership
Cost to Own a Home in Samson, Alabama
A $78,000 home here costs
$821per 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 $35,000 a year.
A standard mortgage calculator would have told you $425. The real number is $396 higher every month, 93% more than the payment most buyers budget for.
Compare Geneva County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Samson from a five-year rolling sample, and with about 1,477 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 Geneva 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.
Samson against Geneva County and Alabama
| Measure | Samson | Geneva County |
|---|---|---|
| Median home value | $77,700 | $120,200 |
| Median property tax | $278 | $382 |
| Effective tax rate | 0.358% | 0.318% |
| Median gross rent | $713 | $757 |
| Population | 1,477 | 26,726 |
The weather behind that power bill
Samson sits in Geneva County, which averages a high of 92.3°F in its hottest month and a low of 34.8°F in its coldest, with 62.26" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,225 cooling and 2,038 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Geneva County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Geneva County
Talk to someone who works this market
These are Samson 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 Samson every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Samson I already own here and may sell
Common questions
How much does it cost to own a home in Samson?
A $78,000 home in Samson, Alabama costs approximately $821 per month with 20% down at 7.24%. That is $425 principal and interest, $23 property tax, $53 homeowners insurance, $255 utilities and $65 set aside for maintenance.
What is the property tax rate in Samson?
Samson has an effective property tax rate of 0.358%, based on a median home value of $77,700 and median real estate taxes of $278. That is higher than the Geneva County average of 0.318%.
What is the average home price in Samson?
The median owner-occupied home value in Samson, Alabama is $77,700, against $120,200 across Geneva County.
Is it cheaper to rent or buy in Samson?
Median gross rent in Samson is $713 a month, against $821 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 Samson?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Samson, Alabama at today's rate takes a household income of roughly $35,000 a year. That covers the full $821 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Samson, 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.