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Spanish Fort

Learn about the people, housing, costs and businesses in Spanish Fort, Alabama

Median Home$360,013
Median Rent$1,391/month
Population11,690
Leading IndustriesTransportation · Education · Arts, Food & Hospitality3% transportation
Home Value Growth⬆⬆+13.0% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners76% of occupied units
NotableHighly Educated30% bachelor's · 14% graduate · top 9% nationally
NotableHigh Incomes$118k/year · top 9% nationally
Spanish Fort
AL

Frequently Asked Questions

What are today's mortgage rates in Spanish Fort?

As of today, the 30-year fixed mortgage rate for Spanish Fort is approximately 6.900% (6.936% 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 Spanish Fort?

The median home value in Spanish Fort is $360k. The median monthly rent is $1,391. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Spanish Fort?

Home values in Spanish Fort have increased 13.0% 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 Spanish Fort?

Based on a typical all-in ownership cost of $1,480/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spanish Fort is $118k/year.

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What industries drive the economy in Spanish Fort?

The largest employment sectors in Spanish Fort are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.