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City · 10,814 residents · Marshall County, Alabama

Boaz , Alabama

In Boaz, a typical home is worth $199,200 and typical rent is $663 a month. Compared with all of Marshall County, typical household income is 20% lower, typical rent is 17% lower, and the share of households that own their home is 9 points lower.

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  • Typical home value

    $199,200

    About the same as the county

    5% below Alabama

    • Boaz
    • Marshall
    • Alabama

  • Typical rent

    $663a month

    17% below the county

    34% below Alabama

    • Boaz
    • Marshall
    • Alabama

  • Typical household income

    $49,846a year

    20% below the county

    22% below Alabama

    • Boaz
    • Marshall
    • Alabama

  • Households that own their home

    67%

    9 points below the county

    3 points below Alabama

    • Boaz
    • Marshall
    • Alabama

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

Market now, with Zillow data

Zillow data
Typical home value
$215,053
4.4% more than 12 months ago

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

Boaz is in Marshall 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 Marshall County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Boaz apart

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

  1. Boaz has the 4th smallest share of rent-burdened renters of the 101 cities in Alabama with more than 5,000 people (33%).

  2. Nearby, in Gadsden, the typical home value is $116,800: 41% less than in Boaz ($199,200).

  3. Boaz has the 5th lowest typical rent of the 117 cities in Alabama with more than 5,000 people ($663).

  4. The typical household income in Boaz is $49,846, 20% less than in Marshall County as a whole ($62,571).

  5. 67% of households in Boaz own their home, against 76% in Marshall County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Boaz

What homes there are in Boaz, 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 Boaz, 7 in 10 homes are single-family detached houses; in Marshall County, 8.

Year built

Homes in Boaz are older: the typical year built is 1981; in Marshall County, 1986.

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

With an FHA limit of $541,287, at least 95% of owner-occupied homes in Boaz sit below it: they are worth less than $500,000.

Monthly rent with utilities

By rent, most homes in Boaz cost less than HUD's 2-bedroom fair market rent ($925): about 76%.

With a mortgage

$1,263 a month

Marshall County: $1,308 a month

Without a mortgage

$412 a month

Marshall County: $394 a month

Owners with a mortgage

54%

Marshall County: 53%

Owning costs about the same in Boaz as in Marshall County: with a mortgage, $1,263 a month; without one, $412.

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

The typical home value in Boaz rose 90% since 2015–2019, more than in Marshall County (56%).

Since 2015–2019, the typical rent in Boaz did not change clearly, according to the Census.

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

MeasureBoazMarshall CountyAlabamaUnited States
Rental vacancy Unreliable estimate4.7%7.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate2.1%1.7%3.4%
People per household 3.002.712.482.53
Drive alone 84%81%81%69%
Carpool 11%11%8%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate1%1%3%
Work from home Unreliable estimate6%9%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Households in Boaz are bigger: 3.00 people on average; in Marshall County, 2.71.

To get to work, 84% of workers in Boaz drive alone; in Marshall County, 81%.

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 Boaz?

A typical home costs more than the typical income allows

We start with a typical home in Boaz, worth $199,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Boaz, which is $49,846 a year. For that payment to be 28% of income, a household would need to earn about $66,823 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Boaz. 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 $6,972 (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

$1,559

at 7.18% · 30 years

Loan amount
$195,592
Total interest
$281,411
Paid off in
November 2056

Includes $3,364 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,163 a month

  • Tight

    $1,163 to $1,495 a month

  • Hard

    more than $1,495 a month

    Your payment · 38%

Compared with the typical household income in Boaz ($49,846 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,559
Principal & interest$1,325
Property tax$63
Home insurance$83
FHA mortgage insurance (MIP)$88

You need at least $6,972 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

Boaz and Marshall County

Boaz is in Marshall 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).

Boaz's own numbers

Typical home value
$199,200
Typical monthly rent
$663
Typical yearly household income
$49,846
Households that own their home
67%
Effective property tax rate
0.38%

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

Numbers for all of Marshall County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$925
Price change over 5 years (FHFA)
+60%
Homes in a high flood-risk zone
1%

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 Marshall County.

Everything about Marshall County

Buying

Buying a home in Boaz

A typical home in Boaz is worth $199,200: about the same as the county and 5% below Alabama. With the typical household income in Boaz ($49,846 a year), a typical home costs 4.0 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.

  • Boaz 4.0 years
  • Marshall 3.2 years
  • Alabama 3.3 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Marshall County

According to FHFA’s house price index, home prices in Marshall County rose 91% in the 10 years through 2025.

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

Period County Alabama U.S.
Last year (2025) +1.8% +2.5% +2.9%
5 years (2020–2025) +60% +47% +47%
10 years (2015–2025) +91% +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

Boaz next to Marshall 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
  • Boaz $199,200
  • Marshall $201,500
  • Alabama $209,900
  • United States $332,700
Typical monthly rent
  • Boaz $663
  • Marshall $795
  • Alabama $1,007
  • United States $1,413
Typical yearly household income
  • Boaz $49,846
  • Marshall $62,571
  • Alabama $63,999
  • United States $80,734
See the full table
Boaz next to Marshall County and Alabama
Measure Boaz Marshall County Alabama U.S.
Typical home value $199,200 $201,500 $209,900 $332,700
Typical monthly rent $663 $795 $1,007 $1,413
Typical yearly household income $49,846 $62,571 $63,999 $80,734
Households that own their home 67% 76% 70% 65%
Typical yearly property tax $758 $733 $788 $3,119
Effective property tax rate 0.38% 0.36% 0.38% 0.94%
Renters with high rent for their income 33% 47% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Marshall 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 Boaz

For a typical $199,200 home in Boaz, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Boaz's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,559a month

    Least cash to close
    Down payment
    $6,972
    Cash to close
    $12,948
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $88

  • Conventional, 5% down $1,523a month

    Down payment
    $9,960
    Cash to close
    $15,936
    Rate
    7.18%
    Mortgage insurance
    PMI · $95

  • Conventional, 20% down, no PMI $1,226a month

    Down payment
    $39,840
    Cash to close
    $45,816
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,410a month

    Down payment
    $29,880
    Cash to close
    $35,856
    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 Boaz and for Marshall County.

Property tax

Effective rate in Boaz

0.38%of the home’s value each year

$758 a year for the typical owner in Boaz.

  • Boaz 0.38%
  • Marshall 0.36%
  • Alabama 0.38%

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

Exemptions and deadlines in Alabama

Flood risk in Marshall County

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

Homes in the high-risk zone
1%
363
Of those, with NFIP insurance
11%
County Alabama U.S.
Homes in the high-risk zone 1% 3.2% 3.5%
Of those, with NFIP insurance 11% 29% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Boaz

Typical rent in Boaz is $663 a month: 17% below the county. In Boaz, 33% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Marshall County, by unit size. To pay the 2-bedroom one ($925 a month) without spending more than 30% of your income, you would need to earn $17.79 an hour working full time.

HUD fair market rent for all of Marshall 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 $702 $13.50 $28,080
1 bedroom $707 $13.60 $28,280
2 bedrooms $925 $17.79 $37,000
3 bedrooms $1,281 $24.63 $51,240
4 bedrooms $1,285 $24.71 $51,400

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 Boaz

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Boaz has 2 ZIP codes with their own.

For 2 bedrooms it runs from $920 in 35957 to $1,000 in 35956.

1 of the 2 is above the fair market rent for Marshall County ($925).

  • 35956 $1,000$1,270
  • 35957 $920$1,250

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Boaz 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 Boaz

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

  • MT Vernon Homes Boaz 35957 139 low-income homes · Run by Boaz Housing Authority · Average payment: $366 a month · Average wait: 4 months (256) 593-5824
  • Manor House 200 S Church St, Boaz 35957 125 low-income homes · For older adults (256) 593-5257
  • Summerville Homes 745 Summerville Rd, Boaz 35957 122 low-income homes · Run by Boaz Housing Authority · Average payment: $422 a month · Average wait: 3 months (256) 593-5824
  • MT Vernon Homes Boaz 35957 100 low-income homes · Run by Boaz Housing Authority · Average payment: $383 a month · Average wait: 3 months (256) 593-5824
  • Savannah Gardens 1445 Brown St, Boaz 35957 52 low-income homes · 1 bd: 16 · 2 bd: 36 · In service since 2011 · For older adults, people with disabilities

See all 29 buildings in Marshall County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Boaz

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 Marshall County. The nearest ones are below; many serve by phone or online.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Boaz

No down payment, repair or rent-help program on our list is for Boaz or Marshall County. The ones below are statewide in Alabama: they work in Boaz 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 Boaz

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

  • Community Action Agency of Northeast Alabama, Inc.

    1481 McCurdy Ave S, Rainsville · 25 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (256) 638-4430

  • Community Action Partnership of North Alabama - Cullman Branch

    107 2nd Ave, NE, Cullman · 39 miles away · Spanish

    • Rental counseling
    (256) 260-3108

  • Family Services Center, Inc.

    520 Madison St SE, Huntsville · 44 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (256) 551-1610

All counseling agencies in Alabama

Help in Spanish near Boaz

1 of the 3 agencies on this list says it serves 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 Boaz

HUD’s record names them for Boaz or Marshall County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Boaz Housing Authority Public housing and Section 8 vouchers (256) 593-5824

4 other authorities have an office in Marshall County: see the list Source: HUD

Cities

Other cities in Marshall County

These cities are also in Marshall County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Marshall County Housing in Alabama

Nearby cities

The cities closest to Boaz, with the typical home value.

Neighboring counties

If Marshall 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 Boaz.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Boaz

Short answers with the numbers for Boaz and all of Marshall 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 Boaz?

The typical home value in Boaz is $199,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Marshall County it is $201,500.

How much does it cost to rent in Boaz?

Typical rent in Boaz is $663 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Marshall County is $925.

What is the FHA loan limit in Boaz?

Boaz uses the FHA limit for all of Marshall 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 Boaz?

The typical homeowner in Boaz pays $758 a year, according to the U.S. Census Bureau. That is 0.38% of the home’s value; in Marshall County, the rate is 0.36%.

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

We found no HUD-approved counseling agencies with an office in Marshall 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).