Total monthly cost of ownership
Cost to Own a Home in Satsuma, Alabama
A $200,000 home here costs
$1,740per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $74,500 a year.
A standard mortgage calculator would have told you $1,108. The real number is $632 higher every month, 57% more than the payment most buyers budget for.
Compare Mobile County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Satsuma against Mobile County and Alabama
| Measure | Satsuma | Mobile County |
|---|---|---|
| Median home value | $199,800 | $176,600 |
| Median property tax | $885 | $849 |
| Effective tax rate | 0.443% | 0.481% |
| Median gross rent | $1,224 | $1,021 |
| Population | 6,784 | 413,162 |
The weather behind that power bill
Satsuma sits in Mobile County, which averages a high of 90.9°F in its hottest month and a low of 40.7°F in its coldest, with 67.08" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,598 cooling and 1,616 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Mobile County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mobile County
Talk to someone who works this market
These are Satsuma 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 Satsuma every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Satsuma I already own here and may sell
Common questions
How much does it cost to own a home in Satsuma?
A $200,000 home in Satsuma, Alabama costs approximately $1,740 per month with 20% down at 7.4%. That is $1,108 principal and interest, $74 property tax, $136 homeowners insurance, $255 utilities and $167 set aside for maintenance.
What is the property tax rate in Satsuma?
Satsuma has an effective property tax rate of 0.443%, based on a median home value of $199,800 and median real estate taxes of $885. That is lower than the Mobile County average of 0.481%.
What is the average home price in Satsuma?
The median owner-occupied home value in Satsuma, Alabama is $199,800, against $176,600 across Mobile County.
Is it cheaper to rent or buy in Satsuma?
Median gross rent in Satsuma is $1,224 a month, against $1,740 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 Satsuma?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Satsuma, Alabama at today's rate takes a household income of roughly $74,500 a year. That covers the full $1,740 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Satsuma, 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.