Northport is north of the Black Warrior River and adjacent to the City of Tuscaloosa. The word Kentuck, meaning paradise, is frequently spotted around town because records indicate it is the settlement area's first name. The city of 24,497 probably believes it is paradise, since people can enjoy the amenities of both Northport and Tuscaloosa with equal ease. Northport residents take their greatest pride in efforts to preserve its past in projects like the Northport Heritage Museum.
Northport, AL is a great place for affordable rent-to-own homes! With a median household income of over $64,814 and a median rent of $838, the Northport, AL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Northport, AL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Northport, AL is seeing rapid growth and Northport, AL's' housing market remains optimal with an average home price that is -14% below the 2022 national average. Northport, AL is part of Tuscaloosa county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Tuscaloosa is 0.32% which is below the national average, which is 0.99%.
Northport, AL has a walk score of
Northport, AL has a bike score of
The state tax rate is 2.0 to 5.0% on top of the federal tax rate of 10 to 37%.