Mortgage payment estimates, closing cost breakdowns, and homebuying data for Auburn, Alabama.
Median Home Price
$285K
Population
76K
Avg Monthly Rent
$1,250
Property Tax Rate
0.41% *
* Property tax shown is the Alabama state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Auburn.
Auburn vs Alabama Median
The median home price in Auburn is $285,000, which is 24% above the Alabama state median of $230,000.
Mortgage Calculator — Auburn, AL
Pre-filled with Auburn median home price and Alabama tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $285K home using Alabama's 0.41% tax rate and $1,950/yr insurance.
5% Down
$2,129/mo
Down: $14,250
Loan: $271K
P&I: $1,711
Tax: $97
Insurance: $163
PMI: $158
10% Down
$2,031/mo
Down: $28,500
Loan: $257K
P&I: $1,621
Tax: $97
Insurance: $163
PMI: $150
20% Down (No PMI)
$1,701/mo
Down: $57,000
Loan: $228K
P&I: $1,441
Tax: $97
Insurance: $163
Income needed (28% rule): $73K/year with 20% down, $87K/year with 10% down.
Rent vs Buy in Auburn
Rent
$1,250/mo
vs
Buy (10% down)
$2,031/mo
Price-to-rent ratio: 19.0 — A ratio between 15-20 means the rent vs buy decision in Auburn depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Auburn is $285,000, 24% above the Alabama state median of $230,000. With a population of 76,143, Auburn is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Alabama average 0.41% annually. This low property tax rate is a significant advantage for Auburn buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Alabama runs approximately $1,950 per year. This is within the normal range nationally.
Average rent in Auburn is $1,250/month. The price-to-rent ratio in Auburn is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Auburn presents moderate affordability. The $285K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Auburn.