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Myrtlewood

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

Median Home$84,500
Median Rent$792/month
Population66
Leading IndustriesRetail · Manufacturing · Information & Media23% retail
Home Value Growth+7.7% over 2 years
Young Adults33% of residentswell above average
Homeowners88% of occupied units
NotableAffordable Market$85k median home · lower cost than 96% of the country
Myrtlewood
AL

Frequently Asked Questions

What are today's mortgage rates in Myrtlewood?

As of today, the 30-year fixed mortgage rate for Myrtlewood 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.

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What is the median home price in Myrtlewood?

The median home value in Myrtlewood is $85k. The median monthly rent is $792. Annual property taxes average $424. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Myrtlewood?

Home values in Myrtlewood have increased 7.7% over the past two years. This represents moderate growth. 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 Myrtlewood?

Based on a typical all-in ownership cost of $555/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Myrtlewood is $35k/year.

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What industries drive the economy in Myrtlewood?

The largest employment sectors in Myrtlewood are retail (23%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.