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Sterrett

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

Median Home$163,836
Median Rent$1,020/month
Population699
Leading IndustriesInformation & Media · Finance & Insurance · Wholesale Trade12% information & media
Home Value Growth+10.9% over 2 years
Retirees24% of residentsslightly above average
Homeowners78% of occupied units
Sterrett
AL

Frequently Asked Questions

What are today's mortgage rates in Sterrett?

As of today, the 30-year fixed mortgage rate for Sterrett is approximately 6.953% (6.994% 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 Sterrett?

The median home value in Sterrett is $164k. The median monthly rent is $1,020. Annual property taxes average $619. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sterrett?

Home values in Sterrett have increased 10.9% 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 Sterrett?

Based on a typical all-in ownership cost of $854/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sterrett is $67k/year.

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What industries drive the economy in Sterrett?

The largest employment sectors in Sterrett are public administration (26%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.