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New Site

Learn about the people, housing, costs and businesses in New Site, Alabama

Median Home$111,200
Median Rent$803/month
Population827
Leading IndustriesManufacturing · Retail · Agriculture & Mining4% manufacturing
Home Value Growth+2.0% over 2 years
Young Adults28% of residentsnear the national average
Homeowners84% of occupied units
NotableAffordable Market$111k median home · lower cost than 88% of the country
New Site
AL

Frequently Asked Questions

What are today's mortgage rates in New Site?

As of today, the 30-year fixed mortgage rate for New Site is approximately 7.064% (7.106% 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 New Site?

The median home value in New Site is $111k. The median monthly rent is $803. Annual property taxes average $338. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Site?

Home values in New Site have increased 2.0% over the past two years. The market has been relatively stable. 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 New Site?

Based on a typical all-in ownership cost of $589/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Site is $70k/year.

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What industries drive the economy in New Site?

The largest employment sectors in New Site are public administration (21%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.