Total monthly cost of ownership
Cost to Own a Home in Folkston, Georgia
A $77,000 home here costs
$813per 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 $35,000 a year.
A standard mortgage calculator would have told you $420. The real number is $394 higher every month, 94% more than the payment most buyers budget for.
Compare Charlton County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Folkston from a five-year rolling sample, and with about 4,609 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 Charlton 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.
Folkston against Charlton County and Georgia
| Measure | Folkston | Charlton County |
|---|---|---|
| Median home value | $76,800 | $119,000 |
| Median property tax | $685 | $1,081 |
| Effective tax rate | 0.892% | 0.908% |
| Median gross rent | $833 | $895 |
| Population | 4,609 | 12,711 |
The weather behind that power bill
Folkston sits in Charlton County, which averages a high of 94.4°F in its hottest month and a low of 43.7°F in its coldest, with 53.16" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 3,048 cooling and 1,109 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Charlton County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Charlton County
No other places of this size are published in Charlton County.
Full Charlton County cost breakdown · Every county in Georgia
Talk to someone who works this market
These are Folkston 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 Folkston every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Folkston I already own here and may sell
Common questions
How much does it cost to own a home in Folkston?
A $77,000 home in Folkston, Georgia costs approximately $813 per month with 20% down at 7.24%. That is $420 principal and interest, $57 property tax, $33 homeowners insurance, $239 utilities and $64 set aside for maintenance.
What is the property tax rate in Folkston?
Folkston has an effective property tax rate of 0.892%, based on a median home value of $76,800 and median real estate taxes of $685. That is lower than the Charlton County average of 0.908%.
What is the average home price in Folkston?
The median owner-occupied home value in Folkston, Georgia is $76,800, against $119,000 across Charlton County.
Is it cheaper to rent or buy in Folkston?
Median gross rent in Folkston is $833 a month, against $813 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Folkston?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Folkston, Georgia at today's rate takes a household income of roughly $35,000 a year. That covers the full $813 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Folkston, 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.