Total monthly cost of ownership
Cost to Own a Home in Cave Spring, Georgia
A $151,000 home here costs
$1,269per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $776. The real number is $493 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.
Cave Spring against Floyd County and Georgia
| Measure | Cave Spring | Floyd County |
|---|---|---|
| Median home value | $150,700 | $194,100 |
| Median property tax | $1,093 | $1,560 |
| Effective tax rate | 0.725% | 0.804% |
| Median gross rent | $846 | $971 |
| Population | 1,148 | 98,985 |
The weather behind that power bill
Cave Spring sits in Floyd County, which averages a high of 91.2°F in its hottest month and a low of 31.8°F in its coldest, with 50.68" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,838 cooling and 2,974 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Floyd County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Floyd County
Common questions
How much does it cost to own a home in Cave Spring?
A $151,000 home in Cave Spring, Georgia costs approximately $1,269 per month with 20% down at 6.66%. That is $776 principal and interest, $91 property tax, $66 homeowners insurance, $210 utilities and $126 set aside for maintenance.
What is the property tax rate in Cave Spring?
Cave Spring has an effective property tax rate of 0.725%, based on a median home value of $150,700 and median real estate taxes of $1,093. That is lower than the Floyd County average of 0.804%.
What is the average home price in Cave Spring?
The median owner-occupied home value in Cave Spring, Georgia is $150,700, against $194,100 across Floyd County.
Is it cheaper to rent or buy in Cave Spring?
Median gross rent in Cave Spring is $846 a month, against $1,269 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 Cave Spring — 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.