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Underwood-Petersville

Learn about the people, housing, costs and businesses in Underwood-Petersville, Alabama

Median Home$222,034
Median Rent$856/month
Population3,259
Leading IndustriesPublic Administration · Finance & Insurance · Information & Media29% public administration
Home Value Growth⬆⬆+14.1% over 2 years
Young Adults34% of residentswell above average
Homeowners74% of occupied units
Underwood-Petersville
AL

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Underwood-Petersville?

As of today, the 30-year fixed mortgage rate for Underwood-Petersville is approximately 7.003% (7.043% 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 Underwood-Petersville?

The median home value in Underwood-Petersville is $222k. The median monthly rent is $856. Annual property taxes average $892. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Underwood-Petersville?

Home values in Underwood-Petersville have increased 14.1% 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 Underwood-Petersville?

Based on a typical all-in ownership cost of $819/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Underwood-Petersville is $67k/year.

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What industries drive the economy in Underwood-Petersville?

The largest employment sectors in Underwood-Petersville are public administration (29%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.