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Double Springs

Learn about the people, housing, costs and businesses in Double Springs, Alabama

Median Home$113,753
Median Rent$765/month
Population1,249
Leading IndustriesRetail · Education · Information & Media26% retail
Home Value Growth⬆⬆⬆+43.2% over 2 years
Retirees23% of residentsslightly above average
Homeowners78% of occupied units
NotableAffordable Market$114k median home · lower cost than 87% of the country
Double Springs
AL

Frequently Asked Questions

What are today's mortgage rates in Double Springs?

As of today, the 30-year fixed mortgage rate for Double Springs is approximately 6.985% (7.024% 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 Double Springs?

The median home value in Double Springs is $114k. The median monthly rent is $765. Annual property taxes average $278. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Double Springs?

Home values in Double Springs have increased 43.2% 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 Double Springs?

Based on a typical all-in ownership cost of $644/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Double Springs is $67k/year.

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What industries drive the economy in Double Springs?

The largest employment sectors in Double Springs are retail (26%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.