Total monthly cost of ownership
Cost to Own a Home in Alma, Georgia
A $92,000 home here costs
$870per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $473. The real number is $397 higher every month — 84% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Alma against Bacon County and Georgia
| Measure | Alma | Bacon County |
|---|---|---|
| Median home value | $92,300 | $104,100 |
| Median property tax | $838 | $1,064 |
| Effective tax rate | 0.908% | 1.022% |
| Median gross rent | $733 | $789 |
| Population | 3,441 | 11,129 |
The weather behind that power bill
Alma sits in Bacon County, which averages a high of 93.2°F in its hottest month and a low of 39.3°F in its coldest, with 44.8" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,542 cooling and 1,645 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Bacon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bacon County
No other places of this size are published in Bacon County.
Common questions
How much does it cost to own a home in Alma?
A $92,000 home in Alma, Georgia costs approximately $870 per month with 20% down at 6.66%. That is $473 principal and interest, $70 property tax, $40 homeowners insurance, $210 utilities and $77 set aside for maintenance.
What is the property tax rate in Alma?
Alma has an effective property tax rate of 0.908%, based on a median home value of $92,300 and median real estate taxes of $838. That is lower than the Bacon County average of 1.022%.
What is the average home price in Alma?
The median owner-occupied home value in Alma, Georgia is $92,300, against $104,100 across Bacon County.
Is it cheaper to rent or buy in Alma?
Median gross rent in Alma is $733 a month, against $870 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Alma — 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.