Total monthly cost of ownership
Cost to Own a Home in Stewartville, Alabama
A $97,000 home here costs
$965per 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 $41,500 a year.
A standard mortgage calculator would have told you $529. The real number is $436 higher every month, 83% more than the payment most buyers budget for.
Compare Coosa County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Stewartville from a five-year rolling sample, and with about 1,557 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 Coosa 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.
Stewartville against Coosa County and Alabama
| Measure | Stewartville | Coosa County |
|---|---|---|
| Median home value | $96,500 | $111,800 |
| Median property tax | $415 | $303 |
| Effective tax rate | 0.430% | 0.271% |
| Median gross rent | $1,024 | $682 |
| Population | 1,557 | 10,323 |
The weather behind that power bill
Stewartville sits in Coosa County, which averages a high of 88.7°F in its hottest month and a low of 34.6°F in its coldest, with 60.19" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,724 cooling and 2,611 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Coosa County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coosa County
Talk to someone who works this market
These are Stewartville 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 Stewartville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Stewartville I already own here and may sell
Common questions
How much does it cost to own a home in Stewartville?
A $97,000 home in Stewartville, Alabama costs approximately $965 per month with 20% down at 7.24%. That is $529 principal and interest, $35 property tax, $66 homeowners insurance, $255 utilities and $81 set aside for maintenance.
What is the property tax rate in Stewartville?
Stewartville has an effective property tax rate of 0.430%, based on a median home value of $96,500 and median real estate taxes of $415. That is higher than the Coosa County average of 0.271%.
What is the average home price in Stewartville?
The median owner-occupied home value in Stewartville, Alabama is $96,500, against $111,800 across Coosa County.
Is it cheaper to rent or buy in Stewartville?
Median gross rent in Stewartville is $1,024 a month, against $965 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Stewartville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Stewartville, Alabama at today's rate takes a household income of roughly $41,500 a year. That covers the full $965 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Stewartville, 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.