Mortgage Calculator & Closing Costs: Huntsville, AL
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Huntsville, Alabama.
Median Home Price
$295K
Population
218K
Avg Monthly Rent
$1,280
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 Huntsville.
Huntsville vs Alabama Median
The median home price in Huntsville is $295,000, which is 28% above the Alabama state median of $230,000.
Mortgage Calculator — Huntsville, AL
Pre-filled with Huntsville median home price and Alabama tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $295K home using Alabama's 0.41% tax rate and $1,950/yr insurance.
5% Down
$2,198/mo
Down: $14,750
Loan: $280K
P&I: $1,771
Tax: $101
Insurance: $163
PMI: $163
10% Down
$2,096/mo
Down: $29,500
Loan: $266K
P&I: $1,678
Tax: $101
Insurance: $163
PMI: $155
20% Down (No PMI)
$1,755/mo
Down: $59,000
Loan: $236K
P&I: $1,492
Tax: $101
Insurance: $163
Income needed (28% rule): $75K/year with 20% down, $90K/year with 10% down.
Rent vs Buy in Huntsville
Rent
$1,280/mo
vs
Buy (10% down)
$2,096/mo
Price-to-rent ratio: 19.2 — A ratio between 15-20 means the rent vs buy decision in Huntsville 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 Huntsville is $295,000, 28% above the Alabama state median of $230,000. With a population of 218,022, Huntsville is a mid-size city 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 Huntsville 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 Huntsville is $1,280/month. The price-to-rent ratio in Huntsville is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Huntsville presents moderate affordability. The $295K 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 Huntsville.