Total monthly cost of ownership
Cost to Own a Home in Hamilton, Georgia
A $262,000 home here costs
$2,165per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,347. The real number is $818 higher every month — 61% 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.
Hamilton against Harris County and Georgia
| Measure | Hamilton | Harris County |
|---|---|---|
| Median home value | $262,100 | $278,700 |
| Median property tax | $3,308 | $2,470 |
| Effective tax rate | 1.262% | 0.886% |
| Median gross rent | $1,063 | $941 |
| Population | 1,911 | 35,509 |
The weather behind that power bill
Hamilton sits in Harris County, which averages a high of 92.9°F in its hottest month and a low of 38.2°F in its coldest, with 48.82" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,534 cooling and 1,942 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Harris County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harris County
Common questions
How much does it cost to own a home in Hamilton?
A $262,000 home in Hamilton, Georgia costs approximately $2,165 per month with 20% down at 6.66%. That is $1,347 principal and interest, $276 property tax, $114 homeowners insurance, $210 utilities and $218 set aside for maintenance.
What is the property tax rate in Hamilton?
Hamilton has an effective property tax rate of 1.262%, based on a median home value of $262,100 and median real estate taxes of $3,308. That is higher than the Harris County average of 0.886%.
What is the average home price in Hamilton?
The median owner-occupied home value in Hamilton, Georgia is $262,100, against $278,700 across Harris County.
Is it cheaper to rent or buy in Hamilton?
Median gross rent in Hamilton is $1,063 a month, against $2,165 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 Hamilton — 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.