Quick facts: Moulton, AL

Quick Facts

93
Cost of Living
below US average
3,400
Population
24.41
Crime Rate per 1000
above US average
$37,614
Median Income
below US average
$249,900
Median House Price
above US average
$1050.0
Average Rent
below US average
12%
Poverty Rate
above US average
3.5%
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 $37,614.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $249,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $37,614
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Income Needed to Rent

⚠ Stretch
$45k/year
Based on $1050.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $45k vs median $37,614
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Moulton, AL

Moulton, Alabama, is a charming city located in Lawrence County, in the northwestern part of the state. Established in the early 19th century, Moulton serves as the county seat, showcasing a rich tapestry of history and Southern culture. The city is known for its picturesque landscapes, friendly community, and small-town atmosphere. Moulton is home to several historical landmarks, including the Lawrence County Courthouse and the Old Moulton Jail, which reflect its deep-rooted heritage. Nature enthusiasts can enjoy nearby parks and recreation areas such as the Bankhead National Forest, offering opportunities for hiking, camping, and fishing. Local events and festivals, like the Moulton Mayfest, bring residents together to celebrate local crafts, food, and music. The community is also known for its lively downtown area, featuring quaint shops, restaurants, and various services. With its blend of history, community spirit, and access to natural beauty, Moulton offers a serene lifestyle while being conveniently located near larger cities for additional amenities and attractions.

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