Total monthly cost of ownership
Cost to Own a Home in Grayson, Georgia
A $457,000 home here costs
$3,669per 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 $157,500 a year.
A standard mortgage calculator would have told you $2,492. The real number is $1,178 higher every month, 47% more than the payment most buyers budget for.
Compare Gwinnett County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Grayson from a five-year rolling sample, and with about 4,699 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 Gwinnett 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.
Grayson against Gwinnett County and Georgia
| Measure | Grayson | Gwinnett County |
|---|---|---|
| Median home value | $457,000 | $345,700 |
| Median property tax | $4,319 | $3,381 |
| Effective tax rate | 0.945% | 0.978% |
| Median gross rent | $2,294 | $1,713 |
| Population | 4,699 | 966,972 |
The weather behind that power bill
Grayson sits in Gwinnett County, which averages a high of 89.4°F in its hottest month and a low of 32.7°F in its coldest, with 51.43" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,728 cooling and 2,980 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Gwinnett County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gwinnett County
Full Gwinnett County cost breakdown · Every county in Georgia
Talk to someone who works this market
These are Grayson 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 Grayson every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Grayson I already own here and may sell
Common questions
How much does it cost to own a home in Grayson?
A $457,000 home in Grayson, Georgia costs approximately $3,669 per month with 20% down at 7.24%. That is $2,492 principal and interest, $360 property tax, $198 homeowners insurance, $239 utilities and $381 set aside for maintenance.
What is the property tax rate in Grayson?
Grayson has an effective property tax rate of 0.945%, based on a median home value of $457,000 and median real estate taxes of $4,319. That is lower than the Gwinnett County average of 0.978%.
What is the average home price in Grayson?
The median owner-occupied home value in Grayson, Georgia is $457,000, against $345,700 across Gwinnett County.
Is it cheaper to rent or buy in Grayson?
Median gross rent in Grayson is $2,294 a month, against $3,669 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 Grayson?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Grayson, Georgia at today's rate takes a household income of roughly $157,500 a year. That covers the full $3,669 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Grayson, 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.