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Weaver

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

Median Home$165,859
Median Rent$724/month
Population3,262
Leading IndustryWholesale Trade15% of local workforce
Home Value Growth⬆⬆+20.2% over 2 years
Young Adults29% of residentsslightly above average
Homeowners71% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$166k median home · lower cost than 67% of the country
Weaver
AL

Frequently Asked Questions

What are today's mortgage rates in Weaver?

As of today, the 30-year fixed mortgage rate for Weaver is approximately 7.056% (7.101% 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 Weaver?

The median home value in Weaver is $166k. The median monthly rent is $724. Annual property taxes average $541. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Weaver?

Home values in Weaver have increased 20.2% 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 Weaver?

Based on a typical all-in ownership cost of $549/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Weaver is $50k/year.

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What industries drive the economy in Weaver?

The largest employment sectors in Weaver are public administration (23%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.