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Georgia's median home price is approximately $330,000 in early 2026, with Atlanta metro significantly higher. After strong gains in 2024, Georgia prices dipped slightly with year-over-year growth slowing to about -1.6% by late 2025. Current 30-year fixed mortgage rates in Georgia are around 6.375–6.44% in 2026. Georgia's effective property tax rate is approximately 0.8–1.0%, with annual taxes on the median home around $2,600–$3,300. The Georgia Dream Homeownership Program offers first-time buyers below-market mortgage rates plus down payment assistance of up to $10,000 as a zero-interest second mortgage.
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State: Georgia (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — homestead exemptions and Georgia Dream rules vary. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$2,071
Amortization summary: fixed rate; effective rate equals your quoted rate. Taxes, insurance, PMI, and HOA are shown separately from P&I.
| Year | Median Price | Change YoY |
|---|---|---|
| 2024 | ~$345,000 | +5.2% |
| 2025 | ~$334,000 | -3.2% |
| Early 2026 | $330,000 | -1.2% |
| Home Value | Effective Rate | Annual Tax |
|---|---|---|
| $250,000 | ~0.9% | ~$2,250 |
| $330,000 | ~0.9% | ~$2,970 |
| $500,000 | ~0.9% | ~$4,500 |
Georgia's effective property tax rate of approximately 0.8–1.0% is moderate. On Georgia's median home of $330,000, annual property taxes are approximately $2,600–$3,300. Georgia offers a homestead exemption that reduces the assessed value for primary residences, lowering the tax burden for owner-occupants.
The Georgia Dream Homeownership Program is the state's primary first-time buyer resource. It offers 30-year fixed mortgages at rates typically 0.25–0.5% below market, plus down payment assistance (DPA) of up to $10,000 as a zero-interest second mortgage — repayable only when you sell, refinance, or pay off the first mortgage. Income limits typically range from $100,000–$150,000 depending on household size and county. Purchase price caps also apply. Additional Georgia Dream DPA programs target specific groups including healthcare workers, educators, and active military.
| Term | Rate | Monthly Payment | Total Interest |
|---|---|---|---|
| 30-year fixed | 6.40% | $1,648 | $329,280 |
| 15-year fixed | 5.90% | $2,215 | $134,316 |
Illustrative principal & interest only — excludes taxes, insurance, and PMI. Use the calculator above for your scenario.
Georgia's median home price is approximately $330,000 in early 2026. Atlanta metro homes average $380,000–$450,000, while cities like Savannah average $320,000 and rural areas are significantly lower at $180,000–$250,000.
Georgia's effective property tax rate is approximately 0.8–1.0% of home value. On a $330,000 home, annual property taxes are approximately $2,600–$3,300. Georgia offers a homestead exemption for primary residences that reduces the taxable assessed value.
Current 30-year fixed mortgage rates in Georgia are approximately 6.375–6.44% in 2026. Georgia Dream program participants may access rates 0.25–0.5% below market through approved lenders.
The Georgia Dream Homeownership Program offers first-time buyers 30-year fixed mortgages at below-market rates plus down payment assistance of up to $10,000 as a zero-interest second mortgage. The DPA is repaid only when you sell, refinance, or pay off your mortgage. Income limits of $100,000–$150,000 and purchase price caps apply.
Conventional loans require 5–20% down. FHA loans require 3.5%. VA loans offer 0% for eligible veterans. On Georgia's median home of $330,000, a 5% down payment is $16,500 and 20% is $66,000. Georgia Dream DPA of up to $10,000 can cover most of the 5% requirement.
Most Georgia lenders follow standard guidelines: maximum DTI of 43–45% for conventional loans and up to 50% for FHA. Georgia Dream program requirements typically cap DTI at 45%. Georgia's relatively affordable home prices make qualifying easier than in more expensive states.
Educational estimates only. Not a lender pre-approval.