Total monthly cost of ownership
Cost to Own a Home in Commerce, Georgia
A $234,000 home here costs
$1,910per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,203. The real number is $707 higher every month — 59% 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.
Commerce against Jackson County and Georgia
| Measure | Commerce | Jackson County |
|---|---|---|
| Median home value | $233,900 | $312,700 |
| Median property tax | $2,396 | $2,761 |
| Effective tax rate | 1.024% | 0.883% |
| Median gross rent | $1,108 | $1,048 |
| Population | 7,684 | 80,640 |
The weather behind that power bill
Commerce sits in Jackson County, which averages a high of 88.1°F in its hottest month and a low of 33.7°F in its coldest, with 52.38" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,632 cooling and 3,002 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Jackson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Full Jackson County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Commerce?
A $234,000 home in Commerce, Georgia costs approximately $1,910 per month with 20% down at 6.66%. That is $1,203 principal and interest, $200 property tax, $102 homeowners insurance, $210 utilities and $195 set aside for maintenance.
What is the property tax rate in Commerce?
Commerce has an effective property tax rate of 1.024%, based on a median home value of $233,900 and median real estate taxes of $2,396. That is higher than the Jackson County average of 0.883%.
What is the average home price in Commerce?
The median owner-occupied home value in Commerce, Georgia is $233,900, against $312,700 across Jackson County.
Is it cheaper to rent or buy in Commerce?
Median gross rent in Commerce is $1,108 a month, against $1,910 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 Commerce — 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.