Total monthly cost of ownership
Cost to Own a Home in Bainbridge, Georgia
A $151,000 home here costs
$1,372per 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 $59,000 a year.
A standard mortgage calculator would have told you $823. The real number is $549 higher every month, 67% more than the payment most buyers budget for.
Compare Decatur County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bainbridge against Decatur County and Georgia
| Measure | Bainbridge | Decatur County |
|---|---|---|
| Median home value | $150,600 | $146,200 |
| Median property tax | $1,424 | $1,353 |
| Effective tax rate | 0.946% | 0.925% |
| Median gross rent | $843 | $860 |
| Population | 14,353 | 29,118 |
The weather behind that power bill
Bainbridge sits in Decatur County, which averages a high of 90.9°F in its hottest month and a low of 38.9°F in its coldest, with 49.5" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,363 cooling and 1,743 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Decatur County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Decatur County
No other places of this size are published in Decatur County.
Full Decatur County cost breakdown · Every county in Georgia
Talk to someone who works this market
These are Bainbridge 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 Bainbridge every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bainbridge I already own here and may sell
Common questions
How much does it cost to own a home in Bainbridge?
A $151,000 home in Bainbridge, Georgia costs approximately $1,372 per month with 20% down at 7.24%. That is $823 principal and interest, $119 property tax, $66 homeowners insurance, $239 utilities and $126 set aside for maintenance.
What is the property tax rate in Bainbridge?
Bainbridge has an effective property tax rate of 0.946%, based on a median home value of $150,600 and median real estate taxes of $1,424. That is higher than the Decatur County average of 0.925%.
What is the average home price in Bainbridge?
The median owner-occupied home value in Bainbridge, Georgia is $150,600, against $146,200 across Decatur County.
Is it cheaper to rent or buy in Bainbridge?
Median gross rent in Bainbridge is $843 a month, against $1,372 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 Bainbridge?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bainbridge, Georgia at today's rate takes a household income of roughly $59,000 a year. That covers the full $1,372 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bainbridge, 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.