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City · 14,606 residents · Tallapoosa County, Alabama

Alexander City , Alabama

In Alexander City, a typical home is worth $155,000 and typical rent is $721 a month. Compared with all of Tallapoosa County, typical household income is 21% lower, typical rent is 6% lower, and the share of households that own their home is 13 points lower.

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  • Typical home value

    $155,000

    2% below the county

    26% below Alabama

    • Alexander City
    • Tallapoosa
    • Alabama

  • Typical rent

    $721a month

    6% below the county

    28% below Alabama

    • Alexander City
    • Tallapoosa
    • Alabama

  • Typical household income

    $47,022a year

    21% below the county

    27% below Alabama

    • Alexander City
    • Tallapoosa
    • Alabama

  • Households that own their home

    63%

    13 points below the county

    7 points below Alabama

    • Alexander City
    • Tallapoosa
    • Alabama

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$200,331
2.4% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Alexander City is in Tallapoosa County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Tallapoosa County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Alexander City apart

What this place has that others do not, from public data, most unusual first.

  1. According to Zillow, in the 12 months to September 2026 the typical home value in Alexander City fell 2.4%; in Alabama, it rose 1.9%.

  2. 63% of households in Alexander City own their home, against 76% in Tallapoosa County.

  3. The typical household income in Alexander City is $47,022, 21% less than in Tallapoosa County as a whole ($59,356).

Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data

The homes here

Housing in Alexander City

What homes there are in Alexander City, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Alexander City, 7 in 10 homes are single-family detached houses, about the same as in Tallapoosa County.

Year built

The typical home in Alexander City was built in 1979, 6 years before the typical one in Tallapoosa County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 94% of owner-occupied homes in Alexander City are worth less than $500,000, below the FHA loan limit for Tallapoosa County ($541,287).

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Tallapoosa County is $994; about 82% of rents in Alexander City are below it.

With a mortgage

$1,089 a month

Tallapoosa County: $1,144 a month

Without a mortgage

$425 a month

Tallapoosa County: $429 a month

Owners with a mortgage

53%

Tallapoosa County: 47%

Owning costs about the same in Alexander City as in Tallapoosa County: with a mortgage, $1,089 a month; without one, $425.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Alexander City gained value faster than in Tallapoosa County: 52% against 45%.

Rent in Alexander City moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureAlexander CityTallapoosa CountyAlabamaUnited States
Rental vacancy Unreliable estimate10.3%7.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimateUnreliable estimate1.7%3.4%
People per household 2.292.352.482.53
Drive alone 84%84%81%69%
Carpool 9%8%8%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate1%1%3%
Work from home Unreliable estimate5%9%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

A household in Alexander City has 2.29 people on average, about the same as in Tallapoosa County (2.35).

In Alexander City, 84% of workers drive alone to work; in Tallapoosa County, 84%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Alexander City?

A typical home is tight for the typical income

We start with a typical home in Alexander City, worth $155,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Alexander City, which is $47,022 a year. For that payment to be 28% of income, a household would need to earn about $51,774 a year.

The calculator's FHA and conventional loan limits are those of all of Tallapoosa County.

Your numbers

Local data
$

Starts at the typical home value in Alexander City. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,425 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,208

at 7.18% · 30 years

Loan amount
$152,193
Total interest
$218,969
Paid off in
November 2056

Includes $2,618 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,097 a month

  • Tight

    $1,097 to $1,411 a month

    Your payment · 31%

  • Hard

    more than $1,411 a month

Compared with the typical household income in Alexander City ($47,022 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,208
Principal & interest$1,031
Property tax$44
Home insurance$65
FHA mortgage insurance (MIP)$69

You need at least $5,425 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Alexander City and Tallapoosa County

Alexander City is in Tallapoosa County, Alabama. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Alexander City's own numbers

Typical home value
$155,000
Typical monthly rent
$721
Typical yearly household income
$47,022
Households that own their home
63%
Effective property tax rate
0.34%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Tallapoosa County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$994
Price change over 5 years (FHFA)
+55%
Homes in a high flood-risk zone
1.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Tallapoosa County.

Everything about Tallapoosa County

Buying

Buying a home in Alexander City

A typical home in Alexander City is worth $155,000: 2% below the county and 26% below Alabama. With the typical household income in Alexander City ($47,022 a year), a typical home costs 3.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Alexander City 3.3 years
  • Tallapoosa 2.7 years
  • Alabama 3.3 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Tallapoosa County

According to FHFA’s house price index, home prices in Tallapoosa County rose 94% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Tallapoosa County.

Period County Alabama U.S.
Last year (2025) +8.0% +2.5% +2.9%
5 years (2020–2025) +55% +47% +47%
10 years (2015–2025) +94% +77% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Alexander City next to Tallapoosa County, Alabama and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Alexander City $155,000
  • Tallapoosa $158,500
  • Alabama $209,900
  • United States $332,700
Typical monthly rent
  • Alexander City $721
  • Tallapoosa $765
  • Alabama $1,007
  • United States $1,413
Typical yearly household income
  • Alexander City $47,022
  • Tallapoosa $59,356
  • Alabama $63,999
  • United States $80,734
See the full table
Alexander City next to Tallapoosa County and Alabama
Measure Alexander City Tallapoosa County Alabama U.S.
Typical home value $155,000 $158,500 $209,900 $332,700
Typical monthly rent $721 $765 $1,007 $1,413
Typical yearly household income $47,022 $59,356 $63,999 $80,734
Households that own their home 63% 76% 70% 65%
Typical yearly property tax $532 $481 $788 $3,119
Effective property tax rate 0.34% 0.3% 0.38% 0.94%
Renters with high rent for their income 41% 36% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Tallapoosa County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Alexander City

For a typical $155,000 home in Alexander City, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Alexander City's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,208a month

    Least cash to close
    Down payment
    $5,425
    Cash to close
    $10,075
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $69

  • Conventional, 5% down $1,180a month

    Down payment
    $7,750
    Cash to close
    $12,400
    Rate
    7.18%
    Mortgage insurance
    PMI · $74

  • Conventional, 20% down, no PMI $949a month

    Down payment
    $31,000
    Cash to close
    $35,650
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,092a month

    Down payment
    $23,250
    Cash to close
    $27,900
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Alexander City and for Tallapoosa County.

Property tax

Effective rate in Alexander City

0.34%of the home’s value each year

$532 a year for the typical owner in Alexander City.

  • Alexander City 0.34%
  • Tallapoosa 0.3%
  • Alabama 0.38%

What Alabama publishes Basic homestead exemption (type H-1) (Alabama Department of Revenue)

Exemptions and deadlines in Alabama

Flood risk in Tallapoosa County

FEMA does not publish these numbers by city: they are for all of Tallapoosa County.

Homes in the high-risk zone
1.7%
333
Of those, with NFIP insurance
15%
County Alabama U.S.
Homes in the high-risk zone 1.7% 3.2% 3.5%
Of those, with NFIP insurance 15% 29% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Alexander City

Typical rent in Alexander City is $721 a month: 6% below the county. In Alexander City, 41% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Tallapoosa County, by unit size. To pay the 2-bedroom one ($994 a month) without spending more than 30% of your income, you would need to earn $19.12 an hour working full time.

HUD fair market rent for all of Tallapoosa County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $755 $14.52 $30,200
1 bedroom $760 $14.62 $30,400
2 bedrooms $994 $19.12 $39,760
3 bedrooms $1,214 $23.35 $48,560
4 bedrooms $1,587 $30.52 $63,480

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Alexander City

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Alexander City is in ZIP code 35010.

For 2 bedrooms it is $970: $24 less than the fair market rent for Tallapoosa County ($994).

  • 35010 $970$1,190

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Alexander City when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Alexander City

HUD lists 7 buildings with rents for lower incomes in Alexander City. These are the largest.

  • Laurel/Jefferson 1016A I St, Alexander City 35010 267 low-income homes · Run by Housing Authority of the City of Alexander City · Average payment: $358 a month · Average wait: 6 months (256) 329-2201
  • Springhill/Gunter 1314D Gunter Cir, Alexander City 35010 210 low-income homes · Run by Housing Authority of the City of Alexander City · Average payment: $333 a month · Average wait: 12 months (256) 329-2201
  • Hillabee Towers 803 Tallapoosa Street, Alexander City 35010 78 low-income homes · For older adults (256) 329-0552
  • Bradberry Pointe 1060 Comer St, Alexander City 35010 56 low-income homes · 1 bd: 8 · 2 bd: 48 · In service since 2013 · For older adults
  • Cornerstone Place 1702 Cornerstone Dr, Alexander City 35010 48 low-income homes · 1 bd: 8 · 2 bd: 28 · 3 bd: 12 · In service since 2001 · For people with disabilities, families

See all 11 buildings in Tallapoosa County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Alexander City

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Tallapoosa County. The nearest ones are below; many serve by phone or online.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Alexander City

No down payment, repair or rent-help program on our list is for Alexander City or Tallapoosa County. The ones below are statewide in Alabama: they work in Alexander City the same as in the rest of the state.

Which programs do I qualify for? All programs in Alabama

  • Step Up

    Statewide in Alabama

    Alabama state authority program with down payment assistance of 4% of the price (up to $10,000) as a 10-year second mortgage, alongside a 30-year fixed mortgage. Offered by Alabama Housing Finance Authority (AHFA).

    Repayable

    See the program Official page

  • First Step Mortgage Revenue Bonds

    Statewide in Alabama

    Alabama state authority 30-year low-rate mortgage, for first-time buyers and for people who have owned a home before, with down payment assistance of 4% of the price, up to $10,000, as a ten-year second mortgage. Offered by Alabama Housing Finance Authority (AHFA).

    Repayable

    See the program Official page

  • Affordable Income Subsidy Grant

    Statewide in Alabama

    Alabama state authority grant for closing costs with an HFA Advantage conventional loan: 1% of the loan if you earn up to 50% of the area median, or half a percent if you earn 50% to 80%. Offered by Alabama Housing Finance Authority (AHFA).

    Grant

    See the program Official page

Housing counselors near Alexander City

The HUD-approved agencies closest to the center of Alexander City, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Legal Services Alabama Inc

    2567 Fairlane Drive Suite 300, Montgomery · 44 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (886) 456-4995

  • United Way of Central Alabama, Inc.

    3600 8th Ave S, Birmingham · 64 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 9 more
    (205) 458-8950

  • NSC (naca Counseling Subsidiary) - Birmingham, AL

    529 Beacon Pkwy W Ste 204, Birmingham · 64 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (205) 942-8111

All counseling agencies in Alabama

Help in Spanish near Alexander City

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Alexander City

In HUD’s record, no housing authority with an office in Tallapoosa County is named for Alexander City or Tallapoosa County.

One other authority has an office in Tallapoosa County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Alexander City, with the typical home value.

Everything about Tallapoosa County Housing in Alabama

Neighboring counties

If Tallapoosa County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Alexander City.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Alexander City

Short answers with the numbers for Alexander City and all of Tallapoosa County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Alexander City?

The typical home value in Alexander City is $155,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Tallapoosa County it is $158,500.

How much does it cost to rent in Alexander City?

Typical rent in Alexander City is $721 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Tallapoosa County is $994.

What is the FHA loan limit in Alexander City?

Alexander City uses the FHA limit for all of Tallapoosa County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Alexander City?

The typical homeowner in Alexander City pays $532 a year, according to the U.S. Census Bureau. That is 0.34% of the home’s value; in Tallapoosa County, the rate is 0.3%.

Where can I find free help to buy or rent in Alexander City?

We found no HUD-approved counseling agencies with an office in Tallapoosa County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).