Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Fort Payne

Learn about the people, housing, costs and businesses in Fort Payne, Alabama

Median Home$341,683
Median Rent$1,534/month
Population1,245,174
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality3% education
Home Value Growth⬆⬆+16.4% over 2 years
Retirees27% of residentswell above average
Homeowners70% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Fort Payne
AL

Frequently Asked Questions

What are today's mortgage rates in Fort Payne?

As of today, the 30-year fixed mortgage rate for Fort Payne is approximately 6.892% (6.928% 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 Fort Payne
What is the median home price in Fort Payne?

The median home value in Fort Payne is $342k. The median monthly rent is $1,534. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fort Payne?

Home values in Fort Payne have increased 16.4% 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 Fort Payne?

Based on a typical all-in ownership cost of $1,305/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fort Payne is $72k/year.

Calculate your buying power
What industries drive the economy in Fort Payne?

The largest employment sectors in Fort Payne are public administration (22%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.