Quick facts: Elberta, AL

Quick Facts

93
Cost of Living
below US average
2,050
Population
5.85
Crime Rate per 1000
below US average
$47,452
Median Income
below US average
$317,824
Median House Price
above US average
$2052.5
Average Rent
above US average
12%
Poverty Rate
above US average
4.2%
Unemployment Rate
above 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 $47,452.

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Income Needed to Buy

βœ— Stretch
$100k/year
Based on $317,824 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $100k vs median $47,452
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Income Needed to Rent

⚠ Stretch
$88k/year
Based on $2052.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $88k vs median $47,452
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Elberta, AL

Elberta is a small, charming town located in Baldwin County, Alabama. Nestled between the scenic landscapes of the Gulf Coast and the rich natural beauty of the nearby wetlands, Elberta offers a tranquil atmosphere with a blend of southern charm and outdoor adventures. The town is known for its friendly community and close-knit atmosphere, making it an ideal place for families and retirees. Elberta is situated just a short drive from the popular tourist destinations of Gulf Shores and Orange Beach, allowing residents and visitors easy access to beautiful sandy beaches and recreational activities. The area is rich in outdoor activities such as fishing, boating, and hiking, thanks to its proximity to coastal waters and local parks. The town hosts various local events that foster community spirit, including festivals and farmers markets. With its quaint downtown area, local shops, and restaurants, Elberta captures the essence of small-town living while being close enough to larger urban amenities. Its peaceful surroundings, coupled with a welcoming community, make Elberta an appealing spot for those seeking a slower pace of life.

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