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Satsuma

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

Median Home$239,465
Median Rent$1,436/month
Population6,568
Leading IndustriesInformation & Media · Retail · Professional Services12% information & media
Home Value Growth+9.9% over 2 years
Retirees25% of residentsabove average nationally
Homeowners85% of occupied units
NotableHigh Incomes$92k/year · top 23% nationally
Satsuma
AL

Frequently Asked Questions

What are today's mortgage rates in Satsuma?

As of today, the 30-year fixed mortgage rate for Satsuma is approximately 7.044% (7.085% 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 Satsuma?

The median home value in Satsuma is $239k. The median monthly rent is $1,436. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Satsuma?

Home values in Satsuma have increased 9.9% 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 Satsuma?

Based on a typical all-in ownership cost of $1,166/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Satsuma is $92k/year.

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What industries drive the economy in Satsuma?

The largest employment sectors in Satsuma are public administration (22%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.