Market Overview
Home Prices in Mulga, AL
The median home value in Mulga, AL is $62,722 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and down 16.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mulga are priced85% below average. Mulga is part of the Birmingham-Hoover, AL metro area.
Over the past five years, Mulga home values have fallen by approximately3.2%, reflecting softening conditions in this market.
Price History
Mulga Home Price Trend
2020
$43,894
$44K
—
2021
$64,770
$65K
+47.6%
2022
$69,554
$70K
+7.4%
2023
$64,555
$65K
-7.2%
2024
$71,524
$72K
+10.8%
2025
$59,625
$60K
-16.6%
2026
$62,722
$63K
+5.2%
City Comparison
Mulga vs. National Median
🏠 Mulga
$62,722
National Median
$410,000
At $62,722, homes in Mulga cost 85% below the national median of $410,000. This makes Mulga a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mulga?
20% Down Payment
$12,544
on $62,722
Monthly P&I
$327/mo
30-yr @ 6.8%
Total Monthly Est.
~$415/mo
incl. taxes & insurance
Income Needed
$16,600
gross annual (30% rule)
10% Down Option
$6,272
+ PMI applies
Loan Amount (20% dn)
$50,178
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mulga, AL?
The median home value in Mulga is $62,722 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Mulga?
Over the past year, home values in Mulga have increased by 5.2%. Over five years, prices have fallen approximately 3.2%.
How much do I need to earn to buy a home in Mulga?
To comfortably afford the median home price of $62,722 with a 20% down payment ($12,544) at today's rates (6.8%), you'd need a gross annual income of approximately $16,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Mulga compare to the national average home price?
The national median home value is approximately $410,000. At $62,722, homes in Mulga are 85% below the national average.
What metro area is Mulga part of?
Mulga is part of the Birmingham-Hoover, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.