Total monthly cost of ownership
Cost to Own a Home in Bonanza, Georgia
A $180,000 home here costs
$1,546per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $925. The real number is $620 higher every month — 67% 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.
Bonanza against Clayton County and Georgia
| Measure | Bonanza | Clayton County |
|---|---|---|
| Median home value | $179,800 | $194,500 |
| Median property tax | $2,178 | $1,737 |
| Effective tax rate | 1.211% | 0.893% |
| Median gross rent | $1,521 | $1,307 |
| Population | 3,567 | 298,771 |
The weather behind that power bill
Bonanza sits in Clayton County, which averages a high of 90.1°F in its hottest month and a low of 35.6°F in its coldest, with 50.43" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 2,051 cooling and 2,531 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Clayton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clayton County
Full Clayton County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Bonanza?
A $180,000 home in Bonanza, Georgia costs approximately $1,546 per month with 20% down at 6.66%. That is $925 principal and interest, $182 property tax, $78 homeowners insurance, $210 utilities and $150 set aside for maintenance.
What is the property tax rate in Bonanza?
Bonanza has an effective property tax rate of 1.211%, based on a median home value of $179,800 and median real estate taxes of $2,178. That is higher than the Clayton County average of 0.893%.
What is the average home price in Bonanza?
The median owner-occupied home value in Bonanza, Georgia is $179,800, against $194,500 across Clayton County.
Is it cheaper to rent or buy in Bonanza?
Median gross rent in Bonanza is $1,521 a month, against $1,546 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 Bonanza — 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.