Total monthly cost of ownership
Cost to Own a Home in Blakely, Georgia
A $140,000 home here costs
$1,290per 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 $55,500 a year.
A standard mortgage calculator would have told you $763. The real number is $526 higher every month, 69% more than the payment most buyers budget for.
Compare Early 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.
Blakely against Early County and Georgia
| Measure | Blakely | Early County |
|---|---|---|
| Median home value | $140,400 | $130,100 |
| Median property tax | $1,327 | $1,069 |
| Effective tax rate | 0.945% | 0.822% |
| Median gross rent | $728 | $774 |
| Population | 5,276 | 10,683 |
The weather behind that power bill
Blakely sits in Early County, which averages a high of 91.5°F in its hottest month and a low of 37.5°F in its coldest, with 52.85" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,255 cooling and 1,910 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Early County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Early County
Talk to someone who works this market
These are Blakely 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 Blakely every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Blakely I already own here and may sell
Common questions
How much does it cost to own a home in Blakely?
A $140,000 home in Blakely, Georgia costs approximately $1,290 per month with 20% down at 7.24%. That is $763 principal and interest, $110 property tax, $61 homeowners insurance, $239 utilities and $117 set aside for maintenance.
What is the property tax rate in Blakely?
Blakely has an effective property tax rate of 0.945%, based on a median home value of $140,400 and median real estate taxes of $1,327. That is higher than the Early County average of 0.822%.
What is the average home price in Blakely?
The median owner-occupied home value in Blakely, Georgia is $140,400, against $130,100 across Early County.
Is it cheaper to rent or buy in Blakely?
Median gross rent in Blakely is $728 a month, against $1,290 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 Blakely?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Blakely, Georgia at today's rate takes a household income of roughly $55,500 a year. That covers the full $1,290 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Blakely, 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.