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Movico

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

Median Home$130,500
Median Rent$955/month
Population269
Leading IndustriesInformation & Media · Finance & Insurance · Construction9% information & media
Home Value Growth⬆⬆⬆+34.5% over 2 years
Retirees24% of residentsslightly above average
Homeowners86% of occupied units
Movico
AL

Frequently Asked Questions

What are today's mortgage rates in Movico?

As of today, the 30-year fixed mortgage rate for Movico is approximately 6.977% (7.016% 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 Movico?

The median home value in Movico is $131k. The median monthly rent is $955. Annual property taxes average $579. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Movico?

Home values in Movico have increased 34.5% 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 Movico?

Based on a typical all-in ownership cost of $614/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Movico is $61k/year.

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What industries drive the economy in Movico?

The largest employment sectors in Movico are public administration (20%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.