Lamar County, AL real estate

What the numbers say

Lamar County, AL real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Lamar County pay a median of $274 a year in property taxes on a median home value of $114,000, an effective rate of about 0.24%. The Alabama average is 0.38%, which makes Lamar County the #5 lowest-tax of 67 counties in the state with published tax data.

Renters pay a median of $549 a month, and $530 for a two-bedroom. At today's prices a typical home costs about 17 times a year's rent.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $114,000 home here comes to about $692 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $30,000 a year (the median household here earns $50,000).