In Tallassee, a typical home is worth $144,600 and typical rent is $964 a month. Compared with all of Elmore County, the typical home value is 35% lower, typical household income is 15% lower, and the share of households that own their home is 19 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $164,941 to $194,872.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Tallassee is in Elmore 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 Elmore County. See the county
What this place has that others do not, from public data, most unusual first.
1
58% of households in Tallassee own their home, against 77% in Elmore County.
2
The typical home in Tallassee is worth $144,600,35% less than in Elmore County as a whole ($223,900).
3
Nearby, in Tuskegee, the typical home value is $104,800: 28% less than in Tallassee ($144,600).
4
Nearby, in Tuskegee, the typical rent is $757: 21% less than in Tallassee ($964).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Tallassee
What homes there are in Tallassee, 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
Tallassee
Elmore County
Alabama
United States
Kind of home: Tallassee and its comparisons
Measure
Tallassee
Elmore County
Alabama
United States
Detached house
90%
76%
69%
61%
Attached house
Unreliable estimate
1%
2%
6%
Building of 2 to 4
Unreliable estimate
2%
5%
8%
Apartments (5 or more)
Unreliable estimate
5%
12%
19%
Mobile home
Unreliable estimate
15%
12%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house rules in Tallassee: 90% of homes, more than in Elmore County (76%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Tallassee
Elmore County
Alabama
United States
Year built: Tallassee and its comparisons
Measure
Tallassee
Elmore County
Alabama
United States
Before 1960
48%
8%
16%
26%
1960–1979
25%
21%
26%
24%
1980–1999
18%
29%
29%
25%
2000–2009
Unreliable estimate
21%
15%
14%
2010 or later
Unreliable estimate
20%
13%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K31%
$100K–$200K36%
$200K–$300K16%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Tallassee and its comparisons
Measure
Tallassee
Under $100K
31%
$100K–$200K
36%
$200K–$300K
16%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99943%
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Tallassee and its comparisons
Measure
Tallassee
Under $500
Unreliable estimate
$500–$999
43%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,158 a month
Elmore County: $1,432 a month
Without a mortgage
$444 a month
Elmore County: $416 a month
Owners with a mortgage
47%
Elmore County: 61%
The typical cost for an owner with a mortgage in Tallassee is $1,158 a month, less than in Elmore County ($1,432); without one, $444.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
TallasseeNo clear change
Elmore County+34%
Alabama+47%
United States+53%
Typical rent
Tallassee+31%
Elmore County+20%
Alabama+27%
United States+33%
Typical household income
TallasseeNo clear change
Elmore County+29%
Alabama+27%
United States+29%
Change since 2015–2019: Tallassee and its comparisons
Measure
Tallassee
Elmore County
Alabama
United States
Typical home value
No clear change
+34%
+47%
+53%
Typical rent
+31%
+20%
+27%
+33%
Typical household income
No clear change
+29%
+27%
+29%
Since 2015–2019, home values in Tallassee moved so little that the Census cannot say whether they rose or fell.
Since 2015–2019, the typical rent in Tallassee rose 31%, more than in Elmore County (20%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Tallassee and its comparisons
Measure
Tallassee
Elmore County
Alabama
United States
Rental vacancy
Unreliable estimate
7.0%
7.2%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
1.6%
1.7%
3.4%
People per household
2.49
2.60
2.48
2.53
Drive alone
85%
84%
81%
69%
Carpool
Unreliable estimate
7%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
1%
3%
Work from home
Unreliable estimate
7%
9%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
By size, households in Tallassee look like those in Elmore County: 2.49 people on average.
In Tallassee, 85% of workers drive alone to work; in Elmore County, 84%.
Do the math
What would you pay each month for a home in Tallassee?
A typical home is within reach of the typical income
We start with a typical home in Tallassee, worth $144,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 20% of the typical household income in Tallassee, which is $66,752 a year.
The calculator's FHA and conventional loan limits are those of all of Elmore 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 Tallassee. 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 $5,061 (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
$1,127
at 7.18% · 30 years
Loan amount
$141,981
Total interest
$204,277
Paid off in
November 2056
Includes $2,442 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,558 a month
Your payment · 20%
Tight
$1,558 to $2,003 a month
Hard
more than $2,003 a month
Compared with the typical household income in Tallassee ($66,752 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$962
Property tax
$41
Home insurance
$60
FHA mortgage insurance (MIP)
$64
You need at least $5,061 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 $1,127; principal and interest $962.
The city and its county
Tallassee and Elmore County
Tallassee is in Elmore 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).
Tallassee
Map of Elmore County, Alabama, with Tallassee marked. Around it, the neighboring counties.
Tallassee
Elmore County
Other cities with a page
Tallassee's own numbers
Typical home value
$144,600
Typical monthly rent
$964
Typical yearly household income
$66,752
Households that own their home
58%
Effective property tax rate
0.34%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Elmore County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,150
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
2.5%
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 Elmore County.
A typical home in Tallassee is worth $144,600: 35% below the county and 31% below Alabama. With the typical household income in Tallassee ($66,752 a year), a typical home costs 2.2 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.
Tallassee2.2 years
Elmore2.9 years
Alabama3.3 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Elmore County
According to FHFA’s house price index, home prices in Elmore County rose 66% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Elmore County.
Yearly change in FHFA’s price index in Elmore County, 2016 to 2025
2016: +1.8% +1.8% 2016
2017: +2.1% +2.1% 2017
2018: +1.8% +1.8% 2018
2019: +3.2% +3.2% 2019
2020: +3.2% +3.2% 2020
2021: +7.9% +7.9% 2021
2022: +17.6% +17.6% 2022
2023: +6.1% +6.1% 2023
2024: +2.0% +2.0% 2024
2025: +7.3% +7.3% 2025
Change in FHFA’s price index in Elmore County, Alabama and the United States
Period
County
Alabama
U.S.
Last year (2025)
+7.3%
+2.5%
+2.9%
5 years (2020–2025)
+47%
+47%
+47%
10 years (2015–2025)
+66%
+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
Tallassee next to Elmore 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
Tallassee$144,600
Elmore$223,900
Alabama$209,900
United States$332,700
Typical monthly rent
Tallassee$964
Elmore$1,071
Alabama$1,007
United States$1,413
Typical yearly household income
Tallassee$66,752
Elmore$78,243
Alabama$63,999
United States$80,734
See the full table
Tallassee next to Elmore County and Alabama
Measure
Tallassee
Elmore County
Alabama
U.S.
Typical home value
$144,600 ▼35% below the county
$223,900
$209,900
$332,700
Typical monthly rent
$964 ▼10% below the county
$1,071
$1,007
$1,413
Typical yearly household income
$66,752 ▼15% below the county
$78,243
$63,999
$80,734
Households that own their home
58% ▼19 points below the county
77%
70%
65%
Typical yearly property tax
$490 ▼20% below the county
$610
$788
$3,119
Effective property tax rate
0.34% ▲0.07 points above the county
0.27%
0.38%
0.94%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Elmore 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 Tallassee
For a typical $144,600 home in Tallassee, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Tallassee's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,127a month
Least cash to close
Down payment
$5,061
Cash to close
$9,399
Rate
7.18%
Mortgage insurance
FHA MIP · $64
Conventional, 5% down$1,100a month
Down payment
$7,230
Cash to close
$11,568
Rate
7.18%
Mortgage insurance
PMI · $69
Conventional, 20% down, no PMI$885a month
Down payment
$28,920
Cash to close
$33,258
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,019a month
Down payment
$21,690
Cash to close
$26,028
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Tallassee
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,127
$5,061
$141,981
7.18%
FHA MIP · $64
$9,399
580
Conventional, 5% down
$1,100
$7,230
$137,370
7.18%
PMI · $69
$11,568
620*
Conventional, 20% down, no PMI
$885
$28,920
$115,680
7.18%
None
$33,258
620*
ITIN, 15% down (example)
$1,019
$21,690
$122,910
8.18%
None
$26,028
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 Tallassee is $964 a month: 10% below the county.
HUD publishes a fair market rent for all of Elmore County, by unit size. To pay the 2-bedroom one ($1,150 a month) without spending more than 30% of your income, you would need to earn $22.12 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 Elmore County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$986
$18.96
$39,440
1 bedroom
$1,003
$19.29
$40,120
2 bedrooms
$1,150
$22.12
$46,000
3 bedrooms
$1,476
$28.38
$59,040
4 bedrooms
$1,708
$32.85
$68,320
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 Tallassee
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Tallassee is in ZIP code 36078.
For 2 bedrooms it is $1,020: $130 less than the fair market rent for Elmore County ($1,150).
Fair market rent by ZIP code and size in Tallassee, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
36078
$840
$850
$1,020
$1,290
$1,560
ZIP code2 bd3 bd
36078 $1,020$1,290
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Tallassee 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 3 buildings with rents for lower incomes in Tallassee. These are the largest.
Tallassee Ha432 3rd Ave, Tallassee 36078100 low-income homes · Run by Tallassee Housing Authority · Average payment: $299 a month · Average wait: 7 months · Homes at several sites(334) 283-2801
Quail Run Apts32 Quail Run Dr, Tallassee 3607856 low-income homes · 1 bd: 8 · 2 bd: 32 · 3 bd: 16 · In service since 2000 · For families
Hillcrest Apts161 Hillcrest St, Tallassee 3607850 low-income homes · For older adults(334) 283-4154
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 Elmore 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 Tallassee or Elmore County. The ones below are statewide in Alabama: they work in Tallassee 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 Tallassee or Elmore 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 Tallassee and all of Elmore 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 Tallassee?
The typical home value in Tallassee is $144,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Elmore County it is $223,900.
How much does it cost to rent in Tallassee?
Typical rent in Tallassee is $964 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Elmore County is $1,150.
What is the FHA loan limit in Tallassee?
Tallassee uses the FHA limit for all of Elmore 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 Tallassee?
The typical homeowner in Tallassee pays $490 a year, according to the U.S. Census Bureau. That is 0.34% of the home’s value; in Elmore County, the rate is 0.27%.
Where can I find free help to buy or rent in Tallassee?
We found no HUD-approved counseling agencies with an office in Elmore County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
