Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Mulga

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

Median Home$74,200
Median Rent$988/month
Population730
Leading IndustriesFinance & Insurance · Information & Media · Retail12% finance & insurance
Home Value Growth⬆⬆+17.8% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners67% of occupied units
Mulga
AL

Frequently Asked Questions

What are today's mortgage rates in Mulga?

As of today, the 30-year fixed mortgage rate for Mulga is approximately 6.953% (6.994% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Mulga
What is the median home price in Mulga?

The median home value in Mulga is $74k. The median monthly rent is $988. Annual property taxes average $325. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mulga?

Home values in Mulga have increased 17.8% 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 Mulga?

Based on a typical all-in ownership cost of $706/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mulga is $55k/year.

Calculate your buying power
What industries drive the economy in Mulga?

The largest employment sectors in Mulga are public administration (20%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.