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Trafford

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

Median Home$236,144
Median Rent$662/month
Population579
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade9% finance & insurance
Home Value Growth+9.0% over 2 years
Family-Friendly28% of residentswell above average
Homeowners89% of occupied units
Trafford
AL

Frequently Asked Questions

What are today's mortgage rates in Trafford?

As of today, the 30-year fixed mortgage rate for Trafford is approximately 6.888% (6.924% 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 Trafford?

The median home value in Trafford is $236k. The median monthly rent is $662. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Trafford?

Home values in Trafford have increased 9.0% 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 Trafford?

Based on a typical all-in ownership cost of $675/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Trafford is $82k/year.

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What industries drive the economy in Trafford?

The largest employment sectors in Trafford are public administration (18%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.