CALCMONEY // HOME AFFORDABILITY // GA
Find out how much home you can afford in Georgia using local median home prices, current mortgage rates, and GA-specific property tax data.
Open Full Calculator$334,119
$2,095/mo
$290,190
$89,770/yr
| Median Home Price | $334,119 |
| Down Payment (20%) | $66,824 |
| Loan Amount | $267,295 |
| Monthly PI Payment | $1,735 |
| Monthly Property Tax | $220 |
| Monthly Insurance Est. | $139 |
| Total Monthly PITI | $2,095 |
| Required Gross Income (28% rule) | $89,770/yr |
| Max Affordable Price (28% rule) | $290,190 |
$11,694
$2,681/mo
Georgia Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $334,119 | State median |
| Down Payment (20%) | $66,824 | Conventional |
| Monthly PITI (median home) | $2,095 | 6.76% rate |
| Required Income (28% rule) | $89,770 | Annual gross |
| Max Affordable Home | $290,190 | Based on median income |
| FHA Down Payment (3.5%) | $11,694 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in Georgia is $334,119, with a current 30-year fixed mortgage rate of 6.76%. A buyer putting 20% down on the median home would carry a loan of $267,295, resulting in a monthly principal and interest payment of $1,735. Once property taxes and insurance are added, total monthly housing costs reach $2,095.
Property taxes in Georgia average 0.79%, near the national average of 1.1%. On the median Georgia home, property taxes add $220/month to total housing costs.
Georgia levies a state income tax of 5.19% flat, which affects take-home pay and therefore what you can realistically budget for housing. Mortgage interest may be deductible on both federal and Georgia state returns — consult a tax professional for your situation.
Using the 28% rule, a household earning Georgia's median income of $79,991/year can afford up to $1,866/month in total housing costs (principal, interest, taxes, and insurance). Based on Georgia's current mortgage rate of 6.76% and property tax rate of 0.79%, that translates to a maximum affordable home price of approximately $290,190 with 20% down on a 30-year loan.
To comfortably afford the median Georgia home priced at $334,119, you need an annual gross income of approximately $89,770. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $1,735, property taxes of $220, and insurance of $139) come to $2,095/month, which should not exceed 28% of your gross monthly income.
Georgia's average property tax rate is 0.79%, which is near the national average of 1.1%. On the median Georgia home of $334,119, that means annual property taxes of $2,640, or $220/month. Because lenders include property taxes in your debt-to-income calculation, Georgia's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median Georgia home of $334,119, that is $11,694. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($66,824 on the median Georgia home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no Georgia-specific minimum down payment requirements beyond federal guidelines.