Median home value: $480K (+0.7% YoY). Rent: $1,581/mo. Price-to-rent: 25.3x. Part of Birmingham-Hoover, AL.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Birmingham-Hoover, AL metro page.
Home Value$479,659
+0.7%
Rent$1,581/mo
AFFORDABILITYRenting $1,084/mo cheaper ($1,581 rent)6.00% 30yr, 20% down, county tax + AL ins. 28% per HUD.
Enter your income for Lake Purdy.
$95,932 on $479,659
Out of reach — 42.6% of income
Need $114,214/yr to afford.
PITI$2,665
P/I42.6%
Afford$315K
Gap-$165K
P&I $2,301Tax $164Ins $200
Home Buying Kit For Dummies (2025)Financing, negotiation, closing