Total monthly cost of ownership
Cost to Own a Home in Ellijay, Georgia
A $278,000 home here costs
$2,082per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,429. The real number is $653 higher every month — 46% 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.
Ellijay against Gilmer County and Georgia
| Measure | Ellijay | Gilmer County |
|---|---|---|
| Median home value | $277,600 | $278,900 |
| Median property tax | $1,076 | $1,070 |
| Effective tax rate | 0.388% | 0.384% |
| Median gross rent | $728 | $955 |
| Population | 1,931 | 31,976 |
The weather behind that power bill
Ellijay sits in Gilmer County, which averages a high of 84.5°F in its hottest month and a low of 31.1°F in its coldest, with 58.65" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,166 cooling and 3,595 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Gilmer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gilmer County
No other places of this size are published in Gilmer County.
Common questions
How much does it cost to own a home in Ellijay?
A $278,000 home in Ellijay, Georgia costs approximately $2,082 per month with 20% down at 6.66%. That is $1,429 principal and interest, $90 property tax, $121 homeowners insurance, $210 utilities and $232 set aside for maintenance.
What is the property tax rate in Ellijay?
Ellijay has an effective property tax rate of 0.388%, based on a median home value of $277,600 and median real estate taxes of $1,076. That is in line with the Gilmer County average of 0.384%.
What is the average home price in Ellijay?
The median owner-occupied home value in Ellijay, Georgia is $277,600, against $278,900 across Gilmer County.
Is it cheaper to rent or buy in Ellijay?
Median gross rent in Ellijay is $728 a month, against $2,082 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 Ellijay — 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.