Total monthly cost of ownership
Cost to Own a Home in Town Creek, Alabama
A $112,000 home here costs
$992per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $576. The real number is $416 higher every month — 72% 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.
Town Creek against Lawrence County and Alabama
| Measure | Town Creek | Lawrence County |
|---|---|---|
| Median home value | $111,800 | $150,700 |
| Median property tax | $334 | $459 |
| Effective tax rate | 0.299% | 0.305% |
| Median gross rent | $606 | $708 |
| Population | 1,015 | 33,182 |
The weather behind that power bill
Town Creek sits in Lawrence County, which averages a high of 88.4°F in its hottest month and a low of 30.0°F in its coldest, with 60.21" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,610 cooling and 3,335 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Lawrence County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lawrence County
Full Lawrence County cost breakdown · Every county in Alabama
Common questions
How much does it cost to own a home in Town Creek?
A $112,000 home in Town Creek, Alabama costs approximately $992 per month with 20% down at 6.66%. That is $576 principal and interest, $28 property tax, $76 homeowners insurance, $219 utilities and $93 set aside for maintenance.
What is the property tax rate in Town Creek?
Town Creek has an effective property tax rate of 0.299%, based on a median home value of $111,800 and median real estate taxes of $334. That is in line with the Lawrence County average of 0.305%.
What is the average home price in Town Creek?
The median owner-occupied home value in Town Creek, Alabama is $111,800, against $150,700 across Lawrence County.
Is it cheaper to rent or buy in Town Creek?
Median gross rent in Town Creek is $606 a month, against $992 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 Town Creek — 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.