Total monthly cost of ownership
Cost to Own a Home in Triana, Alabama
A $235,000 home here costs
$1,995per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $85,500 a year.
A standard mortgage calculator would have told you $1,291. The real number is $704 higher every month, 54% more than the payment most buyers budget for.
Compare Madison County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Triana from a five-year rolling sample, and with about 3,510 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 Madison 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.
Triana against Madison County and Alabama
| Measure | Triana | Madison County |
|---|---|---|
| Median home value | $235,400 | $267,800 |
| Median property tax | $1,105 | $1,081 |
| Effective tax rate | 0.469% | 0.404% |
| Median gross rent | $1,710 | $1,116 |
| Population | 3,510 | 397,135 |
The weather behind that power bill
Triana sits in Madison County, which averages a high of 91.5°F in its hottest month and a low of 33.1°F in its coldest, with 54.29" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,107 cooling and 2,831 heating degree days, which is what sets the $187 electricity line above.
See the full climate breakdown for Madison County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madison County
Full Madison County cost breakdown · Every county in Alabama
Talk to someone who works this market
These are Triana 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 Triana every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Triana I already own here and may sell
Common questions
How much does it cost to own a home in Triana?
A $235,000 home in Triana, Alabama costs approximately $1,995 per month with 20% down at 7.32%. That is $1,291 principal and interest, $92 property tax, $160 homeowners insurance, $255 utilities and $196 set aside for maintenance.
What is the property tax rate in Triana?
Triana has an effective property tax rate of 0.469%, based on a median home value of $235,400 and median real estate taxes of $1,105. That is higher than the Madison County average of 0.404%.
What is the average home price in Triana?
The median owner-occupied home value in Triana, Alabama is $235,400, against $267,800 across Madison County.
Is it cheaper to rent or buy in Triana?
Median gross rent in Triana is $1,710 a month, against $1,995 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 Triana?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Triana, Alabama at today's rate takes a household income of roughly $85,500 a year. That covers the full $1,995 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Triana, 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.