Total monthly cost of ownership
Cost to Own a Home in Fayetteville, Georgia
A $332,000 home here costs
$2,562per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,707. The real number is $856 higher every month — 50% 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.
Fayetteville against Fayette County and Georgia
| Measure | Fayetteville | Fayette County |
|---|---|---|
| Median home value | $331,700 | $405,600 |
| Median property tax | $2,690 | $3,168 |
| Effective tax rate | 0.811% | 0.781% |
| Median gross rent | $1,592 | $1,787 |
| Population | 19,364 | 120,689 |
The weather behind that power bill
Fayetteville sits in Fayette County, which averages a high of 91.0°F in its hottest month and a low of 34.1°F in its coldest, with 49.3" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,945 cooling and 2,587 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Fayette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fayette County
Full Fayette County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Fayetteville?
A $332,000 home in Fayetteville, Georgia costs approximately $2,562 per month with 20% down at 6.66%. That is $1,707 principal and interest, $224 property tax, $144 homeowners insurance, $210 utilities and $277 set aside for maintenance.
What is the property tax rate in Fayetteville?
Fayetteville has an effective property tax rate of 0.811%, based on a median home value of $331,700 and median real estate taxes of $2,690. That is higher than the Fayette County average of 0.781%.
What is the average home price in Fayetteville?
The median owner-occupied home value in Fayetteville, Georgia is $331,700, against $405,600 across Fayette County.
Is it cheaper to rent or buy in Fayetteville?
Median gross rent in Fayetteville is $1,592 a month, against $2,562 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 Fayetteville — 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.