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Petrey

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

Median Home$118,600
Median Rent$798/month
Population84
Leading IndustryRetail24% of local workforce
Home Value Growth-1.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners86% of occupied units
NotableAffordable Market$119k median home · lower cost than 85% of the country
Petrey
AL

Frequently Asked Questions

What are today's mortgage rates in Petrey?

As of today, the 30-year fixed mortgage rate for Petrey is approximately 7.267% (7.317% 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 Petrey?

The median home value in Petrey is $119k. The median monthly rent is $798. Annual property taxes average $383. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Petrey?

Home values in Petrey have decreased 1.5% over the past two years. Buyers may find more negotiating room in this market. 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 Petrey?

Based on a typical all-in ownership cost of $562/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 Petrey is $54k/year.

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What industries drive the economy in Petrey?

The largest employment sectors in Petrey are retail (24%) and public administration (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.