Total monthly cost of ownership
Cost to Own a Home in Fairmount, Georgia
A $113,000 home here costs
$1,021per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $440 higher every month — 76% 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.
Fairmount against Gordon County and Georgia
| Measure | Fairmount | Gordon County |
|---|---|---|
| Median home value | $113,300 | $205,600 |
| Median property tax | $1,044 | $1,450 |
| Effective tax rate | 0.921% | 0.705% |
| Median gross rent | $1,087 | $872 |
| Population | 1,218 | 58,336 |
The weather behind that power bill
Fairmount sits in Gordon County, which averages a high of 91.2°F in its hottest month and a low of 31.8°F in its coldest, with 50.68" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,838 cooling and 2,974 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Gordon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gordon County
Common questions
How much does it cost to own a home in Fairmount?
A $113,000 home in Fairmount, Georgia costs approximately $1,021 per month with 20% down at 6.66%. That is $581 principal and interest, $87 property tax, $49 homeowners insurance, $210 utilities and $94 set aside for maintenance.
What is the property tax rate in Fairmount?
Fairmount has an effective property tax rate of 0.921%, based on a median home value of $113,300 and median real estate taxes of $1,044. That is higher than the Gordon County average of 0.705%.
What is the average home price in Fairmount?
The median owner-occupied home value in Fairmount, Georgia is $113,300, against $205,600 across Gordon County.
Is it cheaper to rent or buy in Fairmount?
Median gross rent in Fairmount is $1,087 a month, against $1,021 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fairmount — 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.