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Gallant

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

Median Home$128,426
Median Rent$703/month
Population834
Leading IndustriesPublic Administration · Wholesale Trade · Finance & Insurance31% public administration
Home Value Growth⬆⬆+15.1% over 2 years
Retirees25% of residentsabove average nationally
Homeowners88% of occupied units
NotableAffordable Market$128k median home · lower cost than 81% of the country
NotableVeteran Community9% of residents · top 22% nationally
Gallant
AL

Frequently Asked Questions

What are today's mortgage rates in Gallant?

As of today, the 30-year fixed mortgage rate for Gallant 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.

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What is the median home price in Gallant?

The median home value in Gallant is $128k. The median monthly rent is $703. Annual property taxes average $455. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gallant?

Home values in Gallant have increased 15.1% 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 Gallant?

Based on a typical all-in ownership cost of $522/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gallant is $49k/year.

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What industries drive the economy in Gallant?

The largest employment sectors in Gallant are public administration (31%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.