Quick facts: Sterrett, AL

Quick Facts

93
Cost of Living
below US average
733
Population
6.82
Crime Rate per 1000
below US average
$58,594
Median Income
below US average
$339,900
Median House Price
above US average
$2517.0
Average Rent
above US average
7%
Poverty Rate
below 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 $58,594.

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Income Needed to Buy

βœ— Stretch
$107k/year
Based on $339,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $107k vs median $58,594
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Income Needed to Rent

⚠ Stretch
$108k/year
Based on $2517.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $108k vs median $58,594
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sterrett, AL

Sterrett, Alabama, is a small, charming community located in Shelby County. Nestled in the scenic landscapes of central Alabama, it offers a suburban atmosphere with a strong sense of community. Though it may be lesser-known compared to larger nearby cities, Sterrett is surrounded by beautiful nature and recreational opportunities, making it an appealing place for families and individuals seeking a quieter lifestyle. The area features a mix of residential developments and green spaces, providing a serene environment for outdoor activities such as hiking and fishing. The proximity to larger cities like Birmingham allows residents to enjoy urban amenities while still living in a peaceful setting. Local schools are part of the Shelby County School System, known for its commitment to providing quality education. The community's low crime rates and friendly neighborhoods contribute to Sterrett's reputation as a safe place to live. Residents typically enjoy the companionship of local events and gatherings that celebrate the town’s culture. Overall, Sterrett is an inviting location for those looking for a blend of small-town charm and easy access to larger metropolitan conveniences.

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