Total monthly cost of ownership
Cost to Own a Home in Cordele, Georgia
A $111,000 home here costs
$1,093per 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 $47,000 a year.
A standard mortgage calculator would have told you $605. The real number is $487 higher every month, 81% more than the payment most buyers budget for.
Compare Crisp 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.
Cordele against Crisp County and Georgia
| Measure | Cordele | Crisp County |
|---|---|---|
| Median home value | $110,700 | $120,800 |
| Median property tax | $1,292 | $1,396 |
| Effective tax rate | 1.167% | 1.156% |
| Median gross rent | $761 | $743 |
| Population | 10,107 | 19,995 |
The weather behind that power bill
Cordele sits in Crisp County, which averages a high of 93.0°F in its hottest month and a low of 36.5°F in its coldest, with 50.13" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,393 cooling and 2,085 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Crisp County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Crisp County
No other places of this size are published in Crisp County.
Talk to someone who works this market
These are Cordele 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 Cordele every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cordele I already own here and may sell
Common questions
How much does it cost to own a home in Cordele?
A $111,000 home in Cordele, Georgia costs approximately $1,093 per month with 20% down at 7.24%. That is $605 principal and interest, $108 property tax, $48 homeowners insurance, $239 utilities and $93 set aside for maintenance.
What is the property tax rate in Cordele?
Cordele has an effective property tax rate of 1.167%, based on a median home value of $110,700 and median real estate taxes of $1,292. That is higher than the Crisp County average of 1.156%.
What is the average home price in Cordele?
The median owner-occupied home value in Cordele, Georgia is $110,700, against $120,800 across Crisp County.
Is it cheaper to rent or buy in Cordele?
Median gross rent in Cordele is $761 a month, against $1,093 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 Cordele?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cordele, Georgia at today's rate takes a household income of roughly $47,000 a year. That covers the full $1,093 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cordele, 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.