Total monthly cost of ownership
Cost to Own a Home in Barnesville, Georgia
A $173,000 home here costs
$1,455per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $889. The real number is $566 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.
Barnesville against Lamar County and Georgia
| Measure | Barnesville | Lamar County |
|---|---|---|
| Median home value | $172,700 | $201,400 |
| Median property tax | $1,629 | $1,910 |
| Effective tax rate | 0.943% | 0.948% |
| Median gross rent | $902 | $913 |
| Population | 6,070 | 19,098 |
The weather behind that power bill
Barnesville sits in Lamar County, which averages a high of 89.8°F in its hottest month and a low of 34.3°F in its coldest, with 54.19" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,805 cooling and 2,589 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Lamar County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lamar County
No other places of this size are published in Lamar County.
Common questions
How much does it cost to own a home in Barnesville?
A $173,000 home in Barnesville, Georgia costs approximately $1,455 per month with 20% down at 6.66%. That is $889 principal and interest, $136 property tax, $75 homeowners insurance, $210 utilities and $144 set aside for maintenance.
What is the property tax rate in Barnesville?
Barnesville has an effective property tax rate of 0.943%, based on a median home value of $172,700 and median real estate taxes of $1,629. That is in line with the Lamar County average of 0.948%.
What is the average home price in Barnesville?
The median owner-occupied home value in Barnesville, Georgia is $172,700, against $201,400 across Lamar County.
Is it cheaper to rent or buy in Barnesville?
Median gross rent in Barnesville is $902 a month, against $1,455 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 Barnesville — 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.