Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Equality

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

Median Home$171,500
Median Rent$694/month
Population161
Leading IndustriesRetail · Education · Transportation24% retail
Home Value Growth+4.3% over 2 years
Retirees30% of residentswell above average
Homeowners89% of occupied units
Equality
AL

Frequently Asked Questions

What are today's mortgage rates in Equality?

As of today, the 30-year fixed mortgage rate for Equality is approximately 6.953% (6.994% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Equality
What is the median home price in Equality?

The median home value in Equality is $172k. The median monthly rent is $694. Annual property taxes average $311. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Equality?

Home values in Equality have increased 4.3% over the past two years. This represents moderate growth. 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 Equality?

Based on a typical all-in ownership cost of $567/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 Equality is $59k/year.

Calculate your buying power
What industries drive the economy in Equality?

The largest employment sectors in Equality are retail (24%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.