Total monthly cost of ownership
Cost to Own a Home in Deenwood, Georgia
A $136,000 home here costs
$1,249per 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 $53,500 a year.
A standard mortgage calculator would have told you $741. The real number is $508 higher every month, 68% more than the payment most buyers budget for.
Compare Ware County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Deenwood from a five-year rolling sample, and with about 2,340 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Ware County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Deenwood against Ware County and Georgia
| Measure | Deenwood | Ware County |
|---|---|---|
| Median home value | $135,800 | $106,500 |
| Median property tax | $1,157 | $1,077 |
| Effective tax rate | 0.852% | 1.011% |
| Median gross rent | $838 | $786 |
| Population | 2,340 | 35,958 |
The weather behind that power bill
Deenwood sits in Ware County, which averages a high of 94.1°F in its hottest month and a low of 36.7°F in its coldest, with 50.42" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 2,568 cooling and 1,712 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Ware County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ware County
Talk to someone who works this market
These are Deenwood 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 Deenwood every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Deenwood I already own here and may sell
Common questions
How much does it cost to own a home in Deenwood?
A $136,000 home in Deenwood, Georgia costs approximately $1,249 per month with 20% down at 7.24%. That is $741 principal and interest, $97 property tax, $59 homeowners insurance, $239 utilities and $113 set aside for maintenance.
What is the property tax rate in Deenwood?
Deenwood has an effective property tax rate of 0.852%, based on a median home value of $135,800 and median real estate taxes of $1,157. That is lower than the Ware County average of 1.011%.
What is the average home price in Deenwood?
The median owner-occupied home value in Deenwood, Georgia is $135,800, against $106,500 across Ware County.
Is it cheaper to rent or buy in Deenwood?
Median gross rent in Deenwood is $838 a month, against $1,249 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 Deenwood?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Deenwood, Georgia at today's rate takes a household income of roughly $53,500 a year. That covers the full $1,249 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Deenwood, 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.