Total monthly cost of ownership
Cost to Own a Home in Fort Oglethorpe, Georgia
A $187,000 home here costs
$1,618per 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 $69,500 a year.
A standard mortgage calculator would have told you $1,020. The real number is $598 higher every month, 59% more than the payment most buyers budget for.
Compare Walker County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fort Oglethorpe against Walker County and Georgia
| Measure | Fort Oglethorpe | Walker County |
|---|---|---|
| Median home value | $186,500 | $173,900 |
| Median property tax | $1,464 | $1,353 |
| Effective tax rate | 0.785% | 0.778% |
| Median gross rent | $952 | $867 |
| Population | 10,332 | 68,449 |
Fort Oglethorpe extends across 2 counties. Figures here use Walker County, where most of its housing sits.
The weather behind that power bill
Fort Oglethorpe sits in Walker County, which averages a high of 88.9°F in its hottest month and a low of 32.9°F in its coldest, with 57" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,733 cooling and 3,080 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Walker County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walker County
Talk to someone who works this market
These are Fort Oglethorpe 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 Oglethorpe every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fort Oglethorpe I already own here and may sell
Common questions
How much does it cost to own a home in Fort Oglethorpe?
A $187,000 home in Fort Oglethorpe, Georgia costs approximately $1,618 per month with 20% down at 7.24%. That is $1,020 principal and interest, $122 property tax, $81 homeowners insurance, $239 utilities and $156 set aside for maintenance.
What is the property tax rate in Fort Oglethorpe?
Fort Oglethorpe has an effective property tax rate of 0.785%, based on a median home value of $186,500 and median real estate taxes of $1,464. That is in line with the Walker County average of 0.778%.
What is the average home price in Fort Oglethorpe?
The median owner-occupied home value in Fort Oglethorpe, Georgia is $186,500, against $173,900 across Walker County.
Is it cheaper to rent or buy in Fort Oglethorpe?
Median gross rent in Fort Oglethorpe is $952 a month, against $1,618 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 Oglethorpe?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fort Oglethorpe, Georgia at today's rate takes a household income of roughly $69,500 a year. That covers the full $1,618 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fort Oglethorpe, 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.