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Munford

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

Median Home$109,600
Median Rent$808/month
Population1,506
Leading IndustriesRetail · Wholesale Trade · Information & Media33% retail
Home Value Growth⬆⬆⬆+23.8% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners82% of occupied units
NotableAffordable Market$110k median home · lower cost than 89% of the country
Munford
AL

Frequently Asked Questions

What are today's mortgage rates in Munford?

As of today, the 30-year fixed mortgage rate for Munford is approximately 6.978% (7.020% 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 Munford?

The median home value in Munford is $110k. The median monthly rent is $808. Annual property taxes average $425. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Munford?

Home values in Munford have increased 23.8% 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 Munford?

Based on a typical all-in ownership cost of $715/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Munford is $56k/year.

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What industries drive the economy in Munford?

The largest employment sectors in Munford are retail (33%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.