Quick facts: Fort payne, AL

Quick Facts

93
Cost of Living
below US average
14,879
Population
33.87
Crime Rate per 1000
above US average
$44,549
Median Income
below US average
$249,000
Median House Price
above US average
$932.33
Average Rent
below US average
11%
Poverty Rate
above US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $44,549.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $249,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $44,549
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Income Needed to Rent

βœ“ Affordable
$40k/year
Based on $932.33/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($44,549) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fort payne, AL

Fort Payne is a charming city located in DeKalb County, Alabama. Nestled in the picturesque Appalachian foothills, it serves as the county seat and is known for its rich history and cultural heritage. With a population of around 14,000 residents, Fort Payne offers a close-knit community feel. One of the city's highlights is its significant role in the sock manufacturing industry, earning it the title "Sock Capital of the World." Visitors can explore the local history through several museums and historic sites. The city is surrounded by stunning natural beauty, with access to the nearby DeSoto State Park, offering various outdoor activities such as hiking, fishing, and camping. Fort Payne also features attractions like the Alabama Fan Club and Museum, dedicated to native musical legends, and the scenic Little River Canyon National Preserve. The downtown area boasts unique shops, dining options, and community events that bring residents together. Overall, Fort Payne is a delightful blend of history, culture, and natural scenery, making it an inviting destination for visitors and a wonderful place to call home.

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