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Macedonia

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

Median Home$165,200
Population274
Leading IndustriesRetail · Wholesale Trade · Finance & Insurance25% retail
Home Value Growth-0.5% over 2 years
Retirees30% of residentswell above average
Homeowners92% of occupied units
Macedonia
AL

Frequently Asked Questions

What are today's mortgage rates in Macedonia?

As of today, the 30-year fixed mortgage rate for Macedonia is approximately 7.017% (7.061% 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 Macedonia?

The median home value in Macedonia is $165k. Annual property taxes average $328. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Macedonia?

Home values in Macedonia have decreased 0.5% over the past two years. Buyers may find more negotiating room in this market. 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 Macedonia?

Based on a typical all-in ownership cost of $572/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Macedonia is $52k/year.

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What industries drive the economy in Macedonia?

The largest employment sectors in Macedonia are retail (25%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.