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Reeltown

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

Median Home$113,502
Median Rent$889/month
Population805
Leading IndustriesRetail · Healthcare · Manufacturing22% retail
Home Value Growth⬆⬆+20.7% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners80% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Reeltown
AL

Frequently Asked Questions

What are today's mortgage rates in Reeltown?

As of today, the 30-year fixed mortgage rate for Reeltown is approximately 6.972% (7.011% 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 Reeltown?

The median home value in Reeltown is $114k. The median monthly rent is $889. Annual property taxes average $345. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Reeltown?

Home values in Reeltown have increased 20.7% 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 Reeltown?

Based on a typical all-in ownership cost of $731/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 Reeltown is $66k/year.

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What industries drive the economy in Reeltown?

The largest employment sectors in Reeltown are retail (22%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.