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Emelle

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

Median Home$75,969
Median Rent$875/month
Population27
Leading IndustriesRetail · Information & Media · Construction16% retail
Home Value Growth⬆⬆⬆+22.8% over 2 years
Family-Friendly29% of residentswell above average
Homeowners69% of occupied units
Emelle
AL

Frequently Asked Questions

What are today's mortgage rates in Emelle?

As of today, the 30-year fixed mortgage rate for Emelle is approximately 6.965% (7.007% 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 Emelle?

The median home value in Emelle is $76k. The median monthly rent is $875. Annual property taxes average $362. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Emelle?

Home values in Emelle have increased 22.8% 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 Emelle?

Based on a typical all-in ownership cost of $576/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Emelle is $33k/year.

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What industries drive the economy in Emelle?

The largest employment sectors in Emelle are public administration (25%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.