Total monthly cost of ownership
Cost to Own a Home in Valley Grande, Alabama
A $127,000 home here costs
$1,107per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $653. The real number is $454 higher every month — 70% 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 Grande against Dallas County and Alabama
| Measure | Valley Grande | Dallas County |
|---|---|---|
| Median home value | $126,700 | $97,400 |
| Median property tax | $511 | $413 |
| Effective tax rate | 0.403% | 0.424% |
| Median gross rent | $908 | $749 |
| Population | 4,106 | 37,536 |
The weather behind that power bill
Valley Grande sits in Dallas County, which averages a high of 91.2°F in its hottest month and a low of 34.7°F in its coldest, with 53.45" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,086 cooling and 2,367 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Dallas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dallas County
Common questions
How much does it cost to own a home in Valley Grande?
A $127,000 home in Valley Grande, Alabama costs approximately $1,107 per month with 20% down at 6.66%. That is $653 principal and interest, $43 property tax, $87 homeowners insurance, $219 utilities and $106 set aside for maintenance.
What is the property tax rate in Valley Grande?
Valley Grande has an effective property tax rate of 0.403%, based on a median home value of $126,700 and median real estate taxes of $511. That is lower than the Dallas County average of 0.424%.
What is the average home price in Valley Grande?
The median owner-occupied home value in Valley Grande, Alabama is $126,700, against $97,400 across Dallas County.
Is it cheaper to rent or buy in Valley Grande?
Median gross rent in Valley Grande is $908 a month, against $1,107 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 Grande — 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.