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Loachapoka

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

Median Home$252,613
Median Rent$1,381/month
Population189
Leading IndustriesEducation · Arts, Food & Hospitality · Transportation5% education
Home Value Growth⬆⬆+14.0% over 2 years
Retirees24% of residentsslightly above average
Homeowners85% of occupied units
NotableHighly Educated36% bachelor's · 14% graduate · top 3% nationally
Loachapoka
AL

Frequently Asked Questions

What are today's mortgage rates in Loachapoka?

As of today, the 30-year fixed mortgage rate for Loachapoka is approximately 6.852% (6.886% 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 Loachapoka?

The median home value in Loachapoka is $253k. The median monthly rent is $1,381. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Loachapoka?

Home values in Loachapoka have increased 14.0% 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 Loachapoka?

Based on a typical all-in ownership cost of $1,213/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Loachapoka is $83k/year.

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What industries drive the economy in Loachapoka?

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