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Saks

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

Median Home$110,437
Median Rent$862/month
Population10,543
Leading IndustriesRetail · Manufacturing · Transportation21% retail
Home Value Growth⬆⬆+17.8% over 2 years
Young Adults27% of residentsnear the national average
Homeowners70% of occupied units
NotableAmenity Score69/100 · highly walkable area
Saks
AL

Frequently Asked Questions

What are today's mortgage rates in Saks?

As of today, the 30-year fixed mortgage rate for Saks is approximately 6.988% (7.030% 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 Saks?

The median home value in Saks is $110k. The median monthly rent is $862. Annual property taxes average $505. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Saks?

Home values in Saks have increased 17.8% 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 Saks?

Based on a typical all-in ownership cost of $802/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Saks is $50k/year.

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What industries drive the economy in Saks?

The largest employment sectors in Saks are public administration (22%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.