Total monthly cost of ownership
Cost to Own a Home in Augusta-Richmond County consolidated government (balance), Georgia
A $163,000 home here costs
$1,376per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $838. The real number is $538 higher every month — 64% 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.
Augusta-Richmond County consolidated government (balance) against Richmond County and Georgia
| Measure | Augusta-Richmond County consolidated government (balance) | Richmond County |
|---|---|---|
| Median home value | $162,900 | $163,300 |
| Median property tax | $1,451 | $1,440 |
| Effective tax rate | 0.891% | 0.882% |
| Median gross rent | $1,087 | $1,087 |
| Population | 201,504 | 206,040 |
The weather behind that power bill
Augusta-Richmond County consolidated government (balance) sits in Richmond County, which averages a high of 94.1°F in its hottest month and a low of 35.3°F in its coldest, with 44.09" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,361 cooling and 2,181 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Richmond County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Richmond County
Full Richmond County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Augusta-Richmond County consolidated government (balance)?
A $163,000 home in Augusta-Richmond County consolidated government (balance), Georgia costs approximately $1,376 per month with 20% down at 6.66%. That is $838 principal and interest, $121 property tax, $71 homeowners insurance, $210 utilities and $136 set aside for maintenance.
What is the property tax rate in Augusta-Richmond County consolidated government (balance)?
Augusta-Richmond County consolidated government (balance) has an effective property tax rate of 0.891%, based on a median home value of $162,900 and median real estate taxes of $1,451. That is in line with the Richmond County average of 0.882%.
What is the average home price in Augusta-Richmond County consolidated government (balance)?
The median owner-occupied home value in Augusta-Richmond County consolidated government (balance), Georgia is $162,900, against $163,300 across Richmond County.
Is it cheaper to rent or buy in Augusta-Richmond County consolidated government (balance)?
Median gross rent in Augusta-Richmond County consolidated government (balance) is $1,087 a month, against $1,376 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 Augusta-Richmond County consolidated government (balance) — 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.