Mortgage on a $250K house in Georgia
$1,632 a month with 20% down — $1,345 principal and interest plus $161 property tax and $125 insurance.
Georgia's typical property tax is 0.77% of the home's value a year (U.S. average 0.9%), which adds $161 a month on a $250K home. The typical home in Georgia is worth $329,115, so $250K is 24% below the typical price.
$250K home in Georgia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $286 | $1,632 | $69,900 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $286 | $1,893 | $81,100 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $286 | $1,983 | $85,000 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $286 | $2,048 | $87,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.77% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Georgia does $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Jones County | $250,794 | 0.97% | $1,672 |
| Dade County | $252,687 | 0.57% | $1,589 |
| Liberty County | $247,145 | 1.04% | $1,686 |
| Whitfield County | $245,954 | 0.64% | $1,603 |
| Houston County | $256,798 | 0.83% | $1,644 |
| Murray County | $241,962 | 0.68% | $1,612 |
| Walker County | $241,479 | 0.75% | $1,627 |
| Lincoln County | $258,826 | 0.99% | $1,677 |
| Lee County | $263,302 | 0.97% | $1,673 |
| Stephens County | $236,115 | 0.81% | $1,640 |
| Troup County | $234,932 | 0.93% | $1,665 |
| Peach County | $234,387 | 1.02% | $1,683 |
96 of 159 Georgia counties tracked by Zillow have a typical home value at or below $250K. See all Georgia home prices.
Other prices in Georgia
Frequently asked questions
What is the mortgage on a $250K house in Georgia?
About $1,632 a month with 20% down at 7.11%: $1,345 principal and interest, $161 property tax and $125 insurance.
How much do I need to make to buy a $250K house in Georgia?
About $69,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in Georgia?
At Georgia's typical effective rate of 0.77%, about $1,934 a year. Rates vary by county and city — see the county pages.