Total monthly cost of ownership
Cost to Own a Home in Selmont-West Selmont, Alabama
A $52,000 home here costs
$581per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $267. The real number is $314 higher every month — 117% 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.
Selmont-West Selmont against Dallas County and Alabama
| Measure | Selmont-West Selmont | Dallas County |
|---|---|---|
| Median home value | $52,200 | $97,400 |
| Median property tax | $199 | $413 |
| Effective tax rate | 0.381% | 0.424% |
| Median gross rent | $498 | $749 |
| Population | 2,121 | 37,536 |
The weather behind that power bill
Selmont-West Selmont sits in Dallas County, which averages a high of 91.2°F in its hottest month and a low of 34.7°F in its coldest, with 53.45" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,086 cooling and 2,367 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Dallas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dallas County
Common questions
How much does it cost to own a home in Selmont-West Selmont?
A $52,000 home in Selmont-West Selmont, Alabama costs approximately $581 per month with 20% down at 6.66%. That is $267 principal and interest, $17 property tax, $35 homeowners insurance, $219 utilities and $43 set aside for maintenance.
What is the property tax rate in Selmont-West Selmont?
Selmont-West Selmont has an effective property tax rate of 0.381%, based on a median home value of $52,200 and median real estate taxes of $199. That is lower than the Dallas County average of 0.424%.
What is the average home price in Selmont-West Selmont?
The median owner-occupied home value in Selmont-West Selmont, Alabama is $52,200, against $97,400 across Dallas County.
Is it cheaper to rent or buy in Selmont-West Selmont?
Median gross rent in Selmont-West Selmont is $498 a month, against $581 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 Selmont-West Selmont — 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.