Total monthly cost of ownership
Cost to Own a Home in Hannahs Mill, Georgia
A $142,000 home here costs
$1,306per 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 $56,000 a year.
A standard mortgage calculator would have told you $774. The real number is $532 higher every month, 69% more than the payment most buyers budget for.
Compare Upson County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hannahs Mill from a five-year rolling sample, and with about 3,335 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 Upson 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.
Hannahs Mill against Upson County and Georgia
| Measure | Hannahs Mill | Upson County |
|---|---|---|
| Median home value | $142,400 | $149,500 |
| Median property tax | $1,363 | $1,325 |
| Effective tax rate | 0.957% | 0.886% |
| Median gross rent | $867 | $779 |
| Population | 3,335 | 27,856 |
The weather behind that power bill
Hannahs Mill sits in Upson County, which averages a high of 90.9°F in its hottest month and a low of 33.4°F in its coldest, with 50.46" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,935 cooling and 2,463 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Upson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Upson County
Talk to someone who works this market
These are Hannahs Mill 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 Hannahs Mill every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hannahs Mill I already own here and may sell
Common questions
How much does it cost to own a home in Hannahs Mill?
A $142,000 home in Hannahs Mill, Georgia costs approximately $1,306 per month with 20% down at 7.24%. That is $774 principal and interest, $113 property tax, $62 homeowners insurance, $239 utilities and $118 set aside for maintenance.
What is the property tax rate in Hannahs Mill?
Hannahs Mill has an effective property tax rate of 0.957%, based on a median home value of $142,400 and median real estate taxes of $1,363. That is higher than the Upson County average of 0.886%.
What is the average home price in Hannahs Mill?
The median owner-occupied home value in Hannahs Mill, Georgia is $142,400, against $149,500 across Upson County.
Is it cheaper to rent or buy in Hannahs Mill?
Median gross rent in Hannahs Mill is $867 a month, against $1,306 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 Hannahs Mill?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hannahs Mill, Georgia at today's rate takes a household income of roughly $56,000 a year. That covers the full $1,306 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hannahs Mill, 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.