2026 data · 0.83% property tax · Median home $273,400
Georgia Mortgage Calculator
A median-priced home in Georgia ($273,400) costs roughly $1,808 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Georgia's effective property tax rate is 0.83% — close to the US average of about 1.0%.
Georgia median-home monthly payment
$1,808/mo
P&I $1,455 · Tax $189 · Insurance $164
@ $273,400 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Georgia
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $138 | $120 | $1,323 |
| $273,400 (state median) | $54,680 | $1,455 | $189 | $164 | $1,808 |
| $300,000 | $60,000 | $1,597 | $208 | $180 | $1,984 |
| $400,000 | $80,000 | $2,129 | $277 | $240 | $2,646 |
| $500,000 | $100,000 | $2,661 | $346 | $300 | $3,307 |
| $750,000 | $150,000 | $3,992 | $519 | $450 | $4,961 |
Calculations use Georgia's 0.83% effective property tax rate, estimated homeowners insurance at 0.72%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Georgia property tax
Effective rate
0.83%
Median home value
$273,400
Median property tax
$2,250/yr
Georgia offers homestead exemptions varying by county. Special assessment programs available for seniors, veterans, and surviving spouses. No state real estate transfer tax (some counties charge transfer fees).
See our property tax calculator for a state-by-state property tax breakdown, and our Georgia paycheck calculator to estimate take-home pay against this monthly housing cost.
Georgia vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Georgia (this page) | 0.83% | $273,400 | $2,250 | |
| Florida | 0.82% | $335,800 | $2,756 | Florida mortgage → |
| Alabama | 0.39% | $172,800 | $658 | Alabama mortgage → |
| Tennessee | 0.56% | $269,600 | $1,520 | Tennessee mortgage → |
| North Carolina | 0.73% | $280,000 | $2,050 | North Carolina mortgage → |
FAQs about Georgia mortgages
What is the property tax rate in Georgia?
Georgia's effective property tax rate is 0.83%, meaning the average homeowner pays roughly 0.83% of their home's value in property tax annually. On a $273,400 home (the state median), that's about $2,250 per year, or $188 per month added to your mortgage payment.
What is the average monthly mortgage payment in Georgia?
For a home at Georgia's median value of $273,400, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Georgia's 0.83% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,808. This includes $1,455 principal & interest, $189 property tax, and $164 homeowners insurance.
How much income do I need to buy a house in Georgia?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $77,486 to comfortably afford Georgia's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $50,456 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Georgia a good state to buy a house?
Georgia's combination of 0.83% property tax (near the national average of ~1.0%) and median home value of $273,400 place it in the mid-range of state housing markets nationally. Georgia offers homestead exemptions varying by county.
How does Georgia property tax compare to neighboring states?
Georgia's 0.83% rate compares to: Florida at 0.82%, Alabama at 0.39%, Tennessee at 0.56%, North Carolina at 0.73%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Georgia have a homestead exemption?
Georgia offers homestead exemptions varying by county. Special assessment programs available for seniors, veterans, and surviving spouses. No state real estate transfer tax (some counties charge transfer fees).
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Georgia mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,455, Property Tax $189, Homeowners Insurance $164. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.