According to data from ClosingCorp, the average closing cost in Alabama is $2,416 after taxes, or approximately 1.21% to 2.42% of the final home sale price.
Closing cost stats in Alabama
Across the state, the average home sells for between $100,000 and $200,000. If you buy a property in that range, expect to pay between $1,208 and $4,832 in closing costs after taxes.
|Average home sale price||$100,000 to $200,000|
|Average total closing cost||$2,416|
|Expected closing cost range||$1,208 to $4,832|
|Percentage of closing cost to home sale price||1.21% to 2.42%|
How much does tax affect the closing cost?
Buyers and sellers in Alabama pay an average of $218 in tax combined for the closing. This accounts for 9.02% of the total average closing cost in Alabama.
|Average tax paid||$218|
|Percentage of total closing cost||9.02%|
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How do closing costs in Alabama compare nationally?
The closing costs for buying a home in Alabama are below the national average after accounting for taxes. It’s 14 in our rankings which rates states from lowest to highest closing cost.
|Average total closing cost in Alabama||Ranking*|
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Alabama.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
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