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Maytown

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

Median Home$192,265
Median Rent$1,180/month
Population323
Leading IndustriesEducation · Professional Services · Public Administration4% education
Home Value Growth-3.1% over 2 years
Young Adults25% of residents
Homeowners85% of occupied units
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
Maytown
AL

Frequently Asked Questions

What are today's mortgage rates in Maytown?

As of today, the 30-year fixed mortgage rate for Maytown is approximately 6.826% (6.860% 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 Maytown?

The median home value in Maytown is $192k. The median monthly rent is $1,180. Annual property taxes average $754. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Maytown?

Home values in Maytown have decreased 3.1% 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 Maytown?

Based on a typical all-in ownership cost of $979/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Maytown is $79k/year.

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What industries drive the economy in Maytown?

The largest employment sectors in Maytown are public administration (30%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.