Total monthly cost of ownership
Cost to Own a Home in Cumming, Georgia
A $367,000 home here costs
$2,736per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,887. The real number is $849 higher every month — 45% 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.
Cumming against Forsyth County and Georgia
| Measure | Cumming | Forsyth County |
|---|---|---|
| Median home value | $366,800 | $493,800 |
| Median property tax | $2,085 | $3,747 |
| Effective tax rate | 0.568% | 0.759% |
| Median gross rent | $1,525 | $1,937 |
| Population | 7,869 | 260,062 |
The weather behind that power bill
Cumming sits in Forsyth County, which averages a high of 88.8°F in its hottest month and a low of 31.1°F in its coldest, with 56.37" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,481 cooling and 3,241 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Forsyth County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Forsyth County
No other places of this size are published in Forsyth County.
Full Forsyth County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Cumming?
A $367,000 home in Cumming, Georgia costs approximately $2,736 per month with 20% down at 6.66%. That is $1,887 principal and interest, $174 property tax, $159 homeowners insurance, $210 utilities and $306 set aside for maintenance.
What is the property tax rate in Cumming?
Cumming has an effective property tax rate of 0.568%, based on a median home value of $366,800 and median real estate taxes of $2,085. That is lower than the Forsyth County average of 0.759%.
What is the average home price in Cumming?
The median owner-occupied home value in Cumming, Georgia is $366,800, against $493,800 across Forsyth County.
Is it cheaper to rent or buy in Cumming?
Median gross rent in Cumming is $1,525 a month, against $2,736 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 Cumming — 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.