Total monthly cost of ownership
Cost to Own a Home in Fort Gaines, Georgia
A $91,000 home here costs
$962per 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 $41,000 a year.
A standard mortgage calculator would have told you $496. The real number is $466 higher every month, 94% more than the payment most buyers budget for.
Compare Clay County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Fort Gaines from a five-year rolling sample, and with about 1,166 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 Clay 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.
Fort Gaines against Clay County and Georgia
| Measure | Fort Gaines | Clay County |
|---|---|---|
| Median home value | $91,400 | $92,500 |
| Median property tax | $1,345 | $966 |
| Effective tax rate | 1.472% | 1.044% |
| Median gross rent | $518 | $578 |
| Population | 1,166 | 2,853 |
The weather behind that power bill
Fort Gaines sits in Clay County, which averages a high of 91.5°F in its hottest month and a low of 34.9°F in its coldest, with 55.69" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,120 cooling and 2,184 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Clay County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clay County
No other places of this size are published in Clay County.
Talk to someone who works this market
These are Fort Gaines 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 Fort Gaines every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fort Gaines I already own here and may sell
Common questions
How much does it cost to own a home in Fort Gaines?
A $91,000 home in Fort Gaines, Georgia costs approximately $962 per month with 20% down at 7.24%. That is $496 principal and interest, $112 property tax, $40 homeowners insurance, $239 utilities and $76 set aside for maintenance.
What is the property tax rate in Fort Gaines?
Fort Gaines has an effective property tax rate of 1.472%, based on a median home value of $91,400 and median real estate taxes of $1,345. That is higher than the Clay County average of 1.044%.
What is the average home price in Fort Gaines?
The median owner-occupied home value in Fort Gaines, Georgia is $91,400, against $92,500 across Clay County.
Is it cheaper to rent or buy in Fort Gaines?
Median gross rent in Fort Gaines is $518 a month, against $962 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 Fort Gaines?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fort Gaines, Georgia at today's rate takes a household income of roughly $41,000 a year. That covers the full $962 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fort Gaines, 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.