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Butler

Learn about the people, housing, costs and businesses in Butler, Alabama

Median Home$142,700
Median Rent$716/month
Population2,066
Leading IndustriesPublic Administration · Manufacturing30% public administration
Home Value Growth⬆⬆⬆+29.7% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners75% of occupied units
NotableTransit80/100 · excellent transit access
NotableAffordable Market$143k median home · lower cost than 77% of the country
Butler
AL

Frequently Asked Questions

What are today's mortgage rates in Butler?

As of today, the 30-year fixed mortgage rate for Butler is approximately 7.063% (7.108% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Butler?

The median home value in Butler is $143k. The median monthly rent is $716. Annual property taxes average $319. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Butler?

Home values in Butler have increased 29.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Butler?

Based on a typical all-in ownership cost of $552/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Butler is $46k/year.

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What industries drive the economy in Butler?

The largest employment sectors in Butler are public administration (30%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.