Total monthly cost of ownership
Cost to Own a Home in Alamo, Georgia
A $73,000 home here costs
$775per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $33,000 a year.
A standard mortgage calculator would have told you $398. The real number is $377 higher every month, 95% more than the payment most buyers budget for.
Compare Wheeler County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Alamo from a five-year rolling sample, and with about 3,108 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Wheeler County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Alamo against Wheeler County and Georgia
| Measure | Alamo | Wheeler County |
|---|---|---|
| Median home value | $72,600 | $74,600 |
| Median property tax | — | $562 |
| Effective tax rate | 0.753% | 0.753% |
| Median gross rent | $483 | $551 |
| Population | 3,108 | 7,434 |
The weather behind that power bill
Alamo sits in Wheeler County, which averages a high of 92.4°F in its hottest month and a low of 37.9°F in its coldest, with 50.86" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,366 cooling and 1,921 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Wheeler County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wheeler County
No other places of this size are published in Wheeler County.
Full Wheeler County cost breakdown · Every county in Georgia
Talk to someone who works this market
These are Alamo averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Alamo every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Alamo?
A $73,000 home in Alamo, Georgia costs approximately $775 per month with 20% down at 7.24%. That is $398 principal and interest, $46 property tax, $32 homeowners insurance, $239 utilities and $61 set aside for maintenance.
What is the property tax rate in Alamo?
Place-level tax data is not published for Alamo, so the Wheeler County rate of 0.753% applies here.
What is the average home price in Alamo?
The median owner-occupied home value in Alamo, Georgia is $72,600, against $74,600 across Wheeler County.
Is it cheaper to rent or buy in Alamo?
Median gross rent in Alamo is $483 a month, against $775 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Alamo?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Alamo, Georgia at today's rate takes a household income of roughly $33,000 a year. That covers the full $775 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Alamo, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Georgia.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.