CALCMONEY // HOME AFFORDABILITY // GA // AUGUSTA
How much house can you afford in Augusta? Based on local median home prices, current GA mortgage rates, and Augusta property tax data.
$195,000
$1,263/mo
$54,130/yr
$176,708
Monthly housing costs of $1,263 represent 30.3% of Augusta's median gross monthly income ($4,167/mo). At 30.3%, this slightly exceeds the 28% rule. Buyers need above-median income or a 25%+ down payment to qualify comfortably.
| Median Home Price | $195,000 |
| Down Payment (20%) | $39,000 |
| Loan Amount | $156,000 |
| Monthly PI Payment | $1,027 |
| Monthly Property Tax | $154 |
| Monthly Insurance Est. | $81 |
| Total Monthly PITI | $1,263 |
| Housing Cost % of Income | 30.3% |
| Required Income (28% rule) | $54,130/yr |
| Max Affordable Home | $176,708 |
$6,825
$1,608/mo
Augusta Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $195,000 | Augusta city median |
| Down Payment (20%) | $39,000 | Conventional loan |
| Monthly PITI | $1,263 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $54,130 | Annual gross |
| Max Affordable Home | $176,708 | Based on median income |
| FHA Down (3.5%) | $6,825 | Minimum FHA |
| Housing Cost % of Income | 30.3% | Median income: $50,000/yr |
| Property Tax Rate | 0.95% | $1,853/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Augusta is $195,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $156,000, generating a monthly P&I payment of $1,027. Adding property taxes ($154/mo) and homeowners insurance ($81/mo) brings total monthly PITI to $1,263.
Augusta's property tax rate of 0.95% is near the national average, adding a standard increment to monthly housing costs. On the Augusta median home, that is $154/month, or $1,853 per year.
Georgia levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Augusta should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Augusta's median income of $50,000/year can afford up to $1,167/month in total housing costs. Based on Augusta's mortgage rate of 6.9% and property tax rate of 0.95%, that translates to a maximum affordable home price of approximately $176,708 with 20% down on a 30-year loan.
To afford the median Augusta home priced at $195,000, you need an annual gross income of approximately $54,130. Total monthly housing costs (principal and interest of $1,027, property taxes of $154, and insurance of $81) come to $1,263/month, which equals 28% of the required income.
At the median home price of $195,000 and median household income of $50,000, the total monthly housing cost of $1,263 represents 30.3% of gross monthly income. This slightly exceeds the standard 28% rule. Buyers will need above-median income or a larger down payment to stay within guidelines.
A conventional 20% down payment on the median Augusta home of $195,000 is $39,000. An FHA loan requires just 3.5% down — $6,825 — but adds mortgage insurance of roughly $133/month, bringing total FHA payments to $1,608/month.
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