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Gordo

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

Median Home$131,700
Median Rent$575/month
Population1,582
Leading IndustriesRetail · Wholesale Trade25% retail
Home Value Growth⬆⬆⬆+28.1% over 2 years
Young Adults29% of residentsslightly above average
Homeowners81% of occupied units
NotableAffordable Market$132k median home · lower cost than 80% of the country
NotableVeteran Community9% of residents · top 22% nationally
Gordo
AL

Frequently Asked Questions

What are today's mortgage rates in Gordo?

As of today, the 30-year fixed mortgage rate for Gordo is approximately 6.955% (6.996% 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 Gordo?

The median home value in Gordo is $132k. The median monthly rent is $575. Annual property taxes average $345. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gordo?

Home values in Gordo have increased 28.1% 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 Gordo?

Based on a typical all-in ownership cost of $538/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gordo is $51k/year.

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What industries drive the economy in Gordo?

The largest employment sectors in Gordo are retail (25%) and public administration (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.