Total monthly cost of ownership
Cost to Own a Home in Buchanan, Georgia
A $173,000 home here costs
$1,456per 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.
Buchanan against Haralson County and Georgia
| Measure | Buchanan | Haralson County |
|---|---|---|
| Median home value | $173,400 | $210,400 |
| Median property tax | $1,643 | $1,787 |
| Effective tax rate | 0.948% | 0.849% |
| Median gross rent | $914 | $884 |
| Population | 1,324 | 30,720 |
The weather behind that power bill
Buchanan sits in Haralson County, which averages a high of 89.6°F in its hottest month and a low of 31.4°F in its coldest, with 48.06" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,627 cooling and 3,118 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Haralson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Haralson County
Full Haralson County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Buchanan?
A $173,000 home in Buchanan, Georgia costs approximately $1,456 per month with 20% down at 6.66%. That is $889 principal and interest, $137 property tax, $75 homeowners insurance, $210 utilities and $144 set aside for maintenance.
What is the property tax rate in Buchanan?
Buchanan has an effective property tax rate of 0.948%, based on a median home value of $173,400 and median real estate taxes of $1,643. That is higher than the Haralson County average of 0.849%.
What is the average home price in Buchanan?
The median owner-occupied home value in Buchanan, Georgia is $173,400, against $210,400 across Haralson County.
Is it cheaper to rent or buy in Buchanan?
Median gross rent in Buchanan is $914 a month, against $1,456 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 Buchanan — 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.