Total monthly cost of ownership
Cost to Own a Home in Ellaville, Georgia
A $153,000 home here costs
$1,364per 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 $58,500 a year.
A standard mortgage calculator would have told you $834. The real number is $530 higher every month, 64% more than the payment most buyers budget for.
Compare Schley County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ellaville from a five-year rolling sample, and with about 1,698 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 Schley 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.
Ellaville against Schley County and Georgia
| Measure | Ellaville | Schley County |
|---|---|---|
| Median home value | $153,200 | $152,900 |
| Median property tax | $1,166 | $1,356 |
| Effective tax rate | 0.761% | 0.887% |
| Median gross rent | $675 | $746 |
| Population | 1,698 | 4,539 |
The weather behind that power bill
Ellaville sits in Schley County, which averages a high of 90.4°F in its hottest month and a low of 35.9°F in its coldest, with 50.66" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,063 cooling and 2,231 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Schley County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Schley County
No other places of this size are published in Schley County.
Talk to someone who works this market
These are Ellaville 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 Ellaville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ellaville I already own here and may sell
Common questions
How much does it cost to own a home in Ellaville?
A $153,000 home in Ellaville, Georgia costs approximately $1,364 per month with 20% down at 7.24%. That is $834 principal and interest, $97 property tax, $66 homeowners insurance, $239 utilities and $128 set aside for maintenance.
What is the property tax rate in Ellaville?
Ellaville has an effective property tax rate of 0.761%, based on a median home value of $153,200 and median real estate taxes of $1,166. That is lower than the Schley County average of 0.887%.
What is the average home price in Ellaville?
The median owner-occupied home value in Ellaville, Georgia is $153,200, against $152,900 across Schley County.
Is it cheaper to rent or buy in Ellaville?
Median gross rent in Ellaville is $675 a month, against $1,364 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 Ellaville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ellaville, Georgia at today's rate takes a household income of roughly $58,500 a year. That covers the full $1,364 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ellaville, 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.