Total monthly cost of ownership
Cost to Own a Home in Berkeley Lake, Georgia
A $674,000 home here costs
$5,047per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,465. The real number is $1,582 higher every month — 46% 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.
Berkeley Lake against Gwinnett County and Georgia
| Measure | Berkeley Lake | Gwinnett County |
|---|---|---|
| Median home value | $674,400 | $345,700 |
| Median property tax | $6,213 | $3,381 |
| Effective tax rate | 0.921% | 0.978% |
| Median gross rent | — | $1,713 |
| Population | 2,615 | 966,972 |
The weather behind that power bill
Berkeley Lake sits in Gwinnett County, which averages a high of 89.4°F in its hottest month and a low of 32.7°F in its coldest, with 51.43" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,728 cooling and 2,980 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Gwinnett County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gwinnett County
Full Gwinnett County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Berkeley Lake?
A $674,000 home in Berkeley Lake, Georgia costs approximately $5,047 per month with 20% down at 6.66%. That is $3,465 principal and interest, $517 property tax, $293 homeowners insurance, $210 utilities and $562 set aside for maintenance.
What is the property tax rate in Berkeley Lake?
Berkeley Lake has an effective property tax rate of 0.921%, based on a median home value of $674,400 and median real estate taxes of $6,213. That is lower than the Gwinnett County average of 0.978%.
What is the average home price in Berkeley Lake?
The median owner-occupied home value in Berkeley Lake, Georgia is $674,400, against $345,700 across Gwinnett County.
Is it cheaper to rent or buy in Berkeley Lake?
Rent data is not published for Berkeley Lake at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Berkeley Lake — 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.