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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

Montevallo, AL Housing Affordability Index

Montevallo, Alabama has an MBR Housing Affordability Index score of 115.6 (More Affordable Than Average) as of October 30, 2026, ranking 420th most affordable of 446 scored Alabama cities, compared with 134.1 statewide and 97.4 nationally. On a median-priced $220,700 home with 20% down, the Alabama average 30-year fixed rate of 7.19% means a monthly principal and interest payment of about $1,197, or 25% of the city’s $56,626 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Montevallo 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.

Montevallo MBR-HAI 115.6 More Affordable Than Average
Rank in Alabama 420 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 $220,700 U.S. Census Bureau

Montevallo is 18.4 points below the Alabama score. Scores as of October 30, 2026. See the Alabama index

View Montevallo Mortgage Rates

What It Takes to Buy in Montevallo

$1,197/mo
Principal & Interest
Median home, 20% down, 7.19%
$51,300
Income Needed
To keep the payment at 28% of income
$56,626
Median Household Income
Alabama: $63,999
3.9x
Price-to-Income Ratio
Alabama: 3.3x
$1,122/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,030/yr
Median Property Tax
0.47% of median value
28.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
53.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Montevallo Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Montevallo, Alabama score: 115.6 (More Affordable Than Average), ranked 420 of 446 Alabama cities. monitorbankrates.com/housing-affordability-index/alabama/montevallo”