Quick facts: Daphne, AL

Quick Facts

97.5
Cost of Living
below US average
29,670
Population
16.82
Crime Rate per 1000
below US average
$80,657
Median Income
above US average
$369,990
Median House Price
above US average
$1775.77
Average Rent
above US average
10%
Poverty Rate
below US average
2.7%
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 $80,657.

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Income Needed to Buy

βœ— Stretch
$116k/year
Based on $369,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $116k vs median $80,657
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Income Needed to Rent

βœ“ Affordable
$76k/year
Based on $1775.77/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($80,657) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Daphne, AL

Daphne is a charming city located in Baldwin County, Alabama, situated along the eastern shore of Mobile Bay. With a population of approximately 26,000 residents, it blends a small-town feel with suburban conveniences. The city boasts a rich history, having been established in the late 19th century, and is known for its beautiful coastal landscapes and vibrant community. Daphne offers numerous recreational opportunities, with access to scenic parks, waterfront activities, and hiking trails in nearby areas like the Gulf State Park and the Blakeley State Park. The city's waterfront is ideal for fishing, boating, and enjoying picturesque sunsets over the bay. Culturally, Daphne hosts various events throughout the year, including festivals and community gatherings that celebrate local art, food, and music. Its location provides easy access to both the bustling city of Mobile and the sandy beaches of Gulf Shores, making it a desirable spot for residents and tourists alike. With a growing economy, excellent schools, and a friendly atmosphere, Daphne is an appealing destination for families and those looking to experience the charm of coastal Alabama.

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