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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Black, AL Housing Affordability Index

Black, Alabama has an MBR Housing Affordability Index score of 256.8 (Highly Affordable) as of October 30, 2026, ranking 22nd most affordable of 446 scored Alabama cities, compared with 134.1 statewide and 97.4 nationally. On a median-priced $67,700 home with 20% down, the Alabama average 30-year fixed rate of 7.19% means a monthly principal and interest payment of about $367, or 7% of the city’s $61,214 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Black is updated every night from live Alabama mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Black MBR-HAI 256.8 Highly Affordable
Rank in Alabama 22 of 446 1 = most affordable
Alabama 134.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.19% Alabama lenders
Median home value $67,700 U.S. Census Bureau

Black is 122.7 points above the Alabama score. Scores as of October 30, 2026. See the Alabama index

View Black Mortgage Rates

See What You Can Afford in Black, Alabama

Use this Black, Alabama home affordability calculator to see how much house you can afford at today’s Alabama average 30-year mortgage rate of 7.19%. A household earning the Black median income of $61,214, with no other debts and $14,000 down, can afford a home of about $177,003, compared with a median home value of $67,700. Buying the median priced home with 20% down takes a household income of about $19,900 once property tax and insurance are counted.

Black median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Alabama average, 30-year fixed
Black median bill (Census)
Estimate; use your quote
You can afford a home up to
$177,003
At or above the Black median home value of $67,700
Loan amount$163,003
Principal & interest$1,105/mo
Property tax$181/mo
Home insurance$74/mo
PMI$68/mo
Total monthly payment$1,428/mo
Compare Black Mortgage Rates

How much house can you afford in Black?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Black, property taxes run about 1.23% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,146 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Black

$367/mo
Principal & Interest
Median home, 20% down, 7.19%
$15,700
Income Needed
To keep principal and interest at 28% of income
$61,214
Median Household Income
Alabama: $63,999
1.1x
Price-to-Income Ratio
Alabama: 3.3x
$468/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$833/yr
Median Property Tax
1.23% of median value
22.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
41.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Black, Alabama. The rate is the Alabama average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Black Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Black, Alabama score: 256.8 (Highly Affordable), ranked 22 of 446 Alabama cities. monitorbankrates.com/housing-affordability-index/alabama/black”