Total monthly cost of ownership
Cost to Own a Home in Valley, Alabama
A $131,000 home here costs
$1,135per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $673. The real number is $462 higher every month — 69% 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.
Valley against Chambers County and Alabama
| Measure | Valley | Chambers County |
|---|---|---|
| Median home value | $130,500 | $129,700 |
| Median property tax | $530 | $496 |
| Effective tax rate | 0.406% | 0.382% |
| Median gross rent | $1,024 | $850 |
| Population | 10,406 | 34,450 |
The weather behind that power bill
Valley sits in Chambers County, which averages a high of 90.0°F in its hottest month and a low of 30.2°F in its coldest, with 56.52" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,602 cooling and 2,958 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Chambers County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chambers County
Full Chambers County cost breakdown · Every county in Alabama
Common questions
How much does it cost to own a home in Valley?
A $131,000 home in Valley, Alabama costs approximately $1,135 per month with 20% down at 6.66%. That is $673 principal and interest, $44 property tax, $89 homeowners insurance, $219 utilities and $109 set aside for maintenance.
What is the property tax rate in Valley?
Valley has an effective property tax rate of 0.406%, based on a median home value of $130,500 and median real estate taxes of $530. That is higher than the Chambers County average of 0.382%.
What is the average home price in Valley?
The median owner-occupied home value in Valley, Alabama is $130,500, against $129,700 across Chambers County.
Is it cheaper to rent or buy in Valley?
Median gross rent in Valley is $1,024 a month, against $1,135 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 Valley — 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.