In Hamilton, a typical home is worth $106,300 and typical rent is $599 a month. Compared with all of Marion County, typical household income is 10% higher and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $139,860 to $171,731.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Hamilton is in Marion 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 Marion County. See the county
What this place has that others do not, from public data, most unusual first.
1
Hamilton has the 3rd lowest typical rent of the 117 cities in Alabama with more than 5,000 people ($599).
2
Hamilton has the 5th lowest typical home value of the 120 cities in Alabama with more than 5,000 people ($106,300).
3
67% of households in Hamilton own their home, against 77% in Marion County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Hamilton
What homes there are in Hamilton, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Hamilton
Marion County
Alabama
United States
Kind of home: Hamilton and its comparisons
Measure
Hamilton
Marion County
Alabama
United States
Detached house
58%
63%
69%
61%
Attached house
Unreliable estimate
Unreliable estimate
2%
6%
Building of 2 to 4
17%
10%
5%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
12%
19%
Mobile home
10%
22%
12%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Hamilton, 6 in 10 homes are single-family detached houses; in Marion County, 6.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Hamilton
Marion County
Alabama
United States
Year built: Hamilton and its comparisons
Measure
Hamilton
Marion County
Alabama
United States
Before 1960
14%
17%
16%
26%
1960–1979
45%
37%
26%
24%
1980–1999
30%
30%
29%
25%
2000–2009
7%
8%
15%
14%
2010 or later
Unreliable estimate
8%
13%
11%
By age, homes in Hamilton look like those in Marion County: the typical year built is 1976.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K48%
$100K–$200K28%
$200K–$300K12%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Hamilton and its comparisons
Measure
Hamilton
Under $100K
48%
$100K–$200K
28%
$200K–$300K
12%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50042%
$500–$99950%
HUD fair market rent, 2 bedrooms: $921
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Hamilton and its comparisons
Measure
Hamilton
Under $500
42%
$500–$999
50%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
HUD's 2-bedroom fair market rent (FMR) for Marion County is $921; about 84% of rents in Hamilton are below it.
With a mortgage
$1,143 a month
Marion County: $1,108 a month
Without a mortgage
$429 a month
Marion County: $398 a month
Owners with a mortgage
33%
Marion County: 39%
The typical cost for an owner with a mortgage in Hamilton is $1,143 a month, near the figure in Marion County ($1,108).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
HamiltonNo clear change
Marion County+15%
Alabama+47%
United States+53%
Typical rent
HamiltonNo clear change
Marion County+23%
Alabama+27%
United States+33%
Typical household income
HamiltonNo clear change
Marion County+39%
Alabama+27%
United States+29%
Change since 2015–2019: Hamilton and its comparisons
Measure
Hamilton
Marion County
Alabama
United States
Typical home value
No clear change
+15%
+47%
+53%
Typical rent
No clear change
+23%
+27%
+33%
Typical household income
No clear change
+39%
+27%
+29%
The typical home value in Hamilton stayed about the same since 2015–2019: the Census sees no clear change.
Rent in Hamilton moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Hamilton and its comparisons
Measure
Hamilton
Marion County
Alabama
United States
Rental vacancy
22.4%
11.5%
7.2%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
2.1%
1.7%
3.4%
People per household
2.53
2.69
2.48
2.53
Drive alone
86%
86%
81%
69%
Carpool
Unreliable estimate
9%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
1%
3%
Work from home
Unreliable estimate
3%
9%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
The rental vacancy rate in Hamilton is 22.4%, higher than in Marion County (11.5%).
On average, a household in Hamilton has 2.53 people, fewer than in Marion County (2.69).
To get to work, 86% of workers in Hamilton drive alone; in Marion County, 86%.
Do the math
What would you pay each month for a home in Hamilton?
A typical home is within reach of the typical income
We start with a typical home in Hamilton, worth $106,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 18% of the typical household income in Hamilton, which is $54,871 a year.
The calculator's FHA and conventional loan limits are those of all of Marion County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Hamilton. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $3,721 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$827
at 7.18% · 30 years
Loan amount
$104,374
Total interest
$150,170
Paid off in
November 2056
Includes $1,795 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,280 a month
Your payment · 18%
Tight
$1,280 to $1,646 a month
Hard
more than $1,646 a month
Compared with the typical household income in Hamilton ($54,871 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$707
Property tax
$28
Home insurance
$44
FHA mortgage insurance (MIP)
$47
You need at least $3,721 for the down payment, plus closing costs.
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.
Total monthly payment $827; principal and interest $707.
The city and its county
Hamilton and Marion County
Hamilton is in Marion 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).
Hamilton
Map of Marion County, Alabama, with Hamilton marked. Around it, the neighboring counties.
Hamilton
Marion County
Hamilton's own numbers
Typical home value
$106,300
Typical monthly rent
$599
Typical yearly household income
$54,871
Households that own their home
67%
Effective property tax rate
0.32%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Marion County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$921
Price change over 5 years (FHFA)
+50%
Homes in a high flood-risk zone
1.3%
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 Marion County.
A typical home in Hamilton is worth $106,300: about the same as the county and 49% below Alabama. With the typical household income in Hamilton ($54,871 a year), a typical home costs 1.9 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.
Hamilton1.9 years
Marion2.1 years
Alabama3.3 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Marion County
According to FHFA’s house price index, home prices in Marion County rose 70% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Marion County.
Yearly change in FHFA’s price index in Marion County, 2016 to 2025
2016: +2.6% +2.6% 2016
2017: +2.9% +2.9% 2017
2018: −2.8% −2.8% 2018
2019: +5.4% +5.4% 2019
2020: +4.7% +4.7% 2020
2021: +5.2% +5.2% 2021
2022: +9.1% +9.1% 2022
2023: +6.1% +6.1% 2023
2024: +13.6% +13.6% 2024
2025: +8.2% +8.2% 2025
Change in FHFA’s price index in Marion County, Alabama and the United States
Period
County
Alabama
U.S.
Last year (2025)
+8.2%
+2.5%
+2.9%
5 years (2020–2025)
+50%
+47%
+47%
10 years (2015–2025)
+70%
+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
Hamilton next to Marion 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
Hamilton$106,300
Marion$106,600
Alabama$209,900
United States$332,700
Typical monthly rent
Hamilton$599
Marion$630
Alabama$1,007
United States$1,413
Typical yearly household income
Hamilton$54,871
Marion$50,088
Alabama$63,999
United States$80,734
See the full table
Hamilton next to Marion County and Alabama
Measure
Hamilton
Marion County
Alabama
U.S.
Typical home value
$106,300
$106,600
$209,900
$332,700
Typical monthly rent
$599 ▼5% below the county
$630
$1,007
$1,413
Typical yearly household income
$54,871 ▲10% above the county
$50,088
$63,999
$80,734
Households that own their home
67% ▼10 points below the county
77%
70%
65%
Typical yearly property tax
$338 ▲12% above the county
$301
$788
$3,119
Effective property tax rate
0.32% ▲0.04 points above the county
0.28%
0.38%
0.94%
Renters with high rent for their income
43% ▼4 points below the county
46%
49%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Marion 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 Hamilton
For a typical $106,300 home in Hamilton, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Hamilton's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$827a month
Least cash to close
Down payment
$3,721
Cash to close
$6,910
Rate
7.18%
Mortgage insurance
FHA MIP · $47
Conventional, 5% down$807a month
Down payment
$5,315
Cash to close
$8,504
Rate
7.18%
Mortgage insurance
PMI · $50
Conventional, 20% down, no PMI$649a month
Down payment
$21,260
Cash to close
$24,449
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$747a month
Down payment
$15,945
Cash to close
$19,134
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Hamilton
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$827
$3,721
$104,375
7.18%
FHA MIP · $47
$6,910
580
Conventional, 5% down
$807
$5,315
$100,985
7.18%
PMI · $50
$8,504
620*
Conventional, 20% down, no PMI
$649
$21,260
$85,040
7.18%
None
$24,449
620*
ITIN, 15% down (example)
$747
$15,945
$90,355
8.18%
None
$19,134
Set by the lender
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.
Typical rent in Hamilton is $599 a month: 5% below the county. In Hamilton, 43% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Marion County, by unit size. To pay the 2-bedroom one ($921 a month) without spending more than 30% of your income, you would need to earn $17.71 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Marion County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$641
$12.33
$25,640
1 bedroom
$738
$14.19
$29,520
2 bedrooms
$921
$17.71
$36,840
3 bedrooms
$1,275
$24.52
$51,000
4 bedrooms
$1,539
$29.60
$61,560
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 Hamilton
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hamilton is in ZIP code 35570.
For 2 bedrooms it is $920: $1 less than the fair market rent for Marion County ($921).
Fair market rent by ZIP code and size in Hamilton, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
35570
$640
$740
$920
$1,280
$1,540
ZIP code2 bd3 bd
35570 $920$1,280
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Hamilton 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 6 buildings with rents for lower incomes in Hamilton. These are the largest.
Hamilton224 5th Ave SE, Hamilton 35570286 homes, 279 low-income · Run by Housing Authority of Hamilton, Alabama · Average payment: $312 a month · Average wait: 4 months · Homes at several sites(205) 921-3155
Hamilton Villas512 Military Trl, Hamilton 3557049 low-income homes · 1 bd: 16 · 2 bd: 33 · In service since 2015 · For families
ASHWOOD Apartments166 1st St SE, Hamilton 3557047 low-income homes · For older adults(205) 921-3067
Lakeside Village Apts790 County Highway 42, Hamilton 3557040 low-income homes · 1 bd: 10 · 2 bd: 20 · 3 bd: 10 · In service since 2006 · For people with disabilities, families
Shadow Lake Apts740 County Highway 42, Hamilton 3557040 low-income homes · 1 bd: 10 · 2 bd: 20 · 3 bd: 10 · In service since 1995 · For older adults, families
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 Marion County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Hamilton or Marion County. The ones below are statewide in Alabama: they work in Hamilton the same as in the rest of the state.
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).
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).
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).
No legal help resource on our list is for Hamilton or Marion County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Hamilton and all of Marion 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 Hamilton?
The typical home value in Hamilton is $106,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Marion County it is $106,600.
How much does it cost to rent in Hamilton?
Typical rent in Hamilton is $599 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Marion County is $921.
What is the FHA loan limit in Hamilton?
Hamilton uses the FHA limit for all of Marion 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 Hamilton?
The typical homeowner in Hamilton pays $338 a year, according to the U.S. Census Bureau. That is 0.32% of the home’s value; in Marion County, the rate is 0.28%.
Where can I find free help to buy or rent in Hamilton?
We found no HUD-approved counseling agencies with an office in Marion County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
