Cost of Ownership · Georgia
The true cost of owning a home in Georgia
For a median $303,300 home in Georgia, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$2,186/mo
PITI + PMI
True monthly cost
$2,439/mo
everything, incl. upkeep
The gap
+$253/mo
what approval leaves out
Effective property-tax rate
0.77%
Avg. homeowners premium
$1,655/yr
NFIP flood claims on record
24,418
Closing costs in Georgia
Median closing costs and lender origination charges on real home-purchase loans in Georgia, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$7,993
Typically $5,238–$11,683
Median origination charges
$3,778
Typically $1,748–$6,238
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $5,238 | $7,993 | $11,683 | 106,302 |
| All | $4,897 | $7,620 | $11,251 | 109,918 |
| < $250k | $4,469 | $6,399 | $8,824 | 28,291 |
| < $250k | $4,233 | $6,106 | $8,397 | 33,219 |
| $250k–$500k | $5,446 | $8,899 | $12,434 | 60,100 |
| $250k–$500k | $5,322 | $8,661 | $12,403 | 60,984 |
| $500k–$750k | $5,122 | $8,990 | $13,848 | 12,750 |
| $500k–$750k | $5,602 | $8,760 | $14,248 | 12,611 |
| > $750k | $6,777 | $9,220 | $14,928 | 5,300 |
| > $750k | $6,148 | $8,725 | $15,950 | 2,965 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Georgia
- What are the median closing costs in Georgia?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Georgia are about $7,993, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Georgia?
- The effective property-tax rate in Georgia is about 0.77%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Georgia?
- A median $303,300 home in Georgia costs about $2,439 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $2,186. Every figure is from public data.
These figures use Georgia's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Georgia ranks on property tax and insurance, or browse every state.