Total monthly cost of ownership
Cost to Own a Home in Sylacauga, Alabama
A $157,000 home here costs
$1,325per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $807. The real number is $518 higher every month — 64% 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.
Sylacauga against Talladega County and Alabama
| Measure | Sylacauga | Talladega County |
|---|---|---|
| Median home value | $156,800 | $137,900 |
| Median property tax | $732 | $509 |
| Effective tax rate | 0.467% | 0.369% |
| Median gross rent | $717 | $772 |
| Population | 12,388 | 81,170 |
The weather behind that power bill
Sylacauga sits in Talladega County, which averages a high of 90.8°F in its hottest month and a low of 30.6°F in its coldest, with 56.55" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,743 cooling and 3,013 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Talladega County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Talladega County
Full Talladega County cost breakdown · Every county in Alabama
Common questions
How much does it cost to own a home in Sylacauga?
A $157,000 home in Sylacauga, Alabama costs approximately $1,325 per month with 20% down at 6.66%. That is $807 principal and interest, $61 property tax, $107 homeowners insurance, $219 utilities and $131 set aside for maintenance.
What is the property tax rate in Sylacauga?
Sylacauga has an effective property tax rate of 0.467%, based on a median home value of $156,800 and median real estate taxes of $732. That is higher than the Talladega County average of 0.369%.
What is the average home price in Sylacauga?
The median owner-occupied home value in Sylacauga, Alabama is $156,800, against $137,900 across Talladega County.
Is it cheaper to rent or buy in Sylacauga?
Median gross rent in Sylacauga is $717 a month, against $1,325 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 Sylacauga — 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.