Total monthly cost of ownership
Cost to Own a Home in Henderson, Georgia
A $295,000 home here costs
$2,330per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,517. The real number is $813 higher every month — 54% 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.
Henderson against Chatham County and Georgia
| Measure | Henderson | Chatham County |
|---|---|---|
| Median home value | $294,800 | $273,300 |
| Median property tax | $2,745 | $2,463 |
| Effective tax rate | 0.931% | 0.901% |
| Median gross rent | $1,397 | $1,382 |
| Population | 2,591 | 298,143 |
The weather behind that power bill
Henderson sits in Chatham County, which averages a high of 92.3°F in its hottest month and a low of 40.0°F in its coldest, with 48.12" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,596 cooling and 1,675 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Chatham County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chatham County
Full Chatham County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Henderson?
A $295,000 home in Henderson, Georgia costs approximately $2,330 per month with 20% down at 6.66%. That is $1,517 principal and interest, $229 property tax, $128 homeowners insurance, $210 utilities and $246 set aside for maintenance.
What is the property tax rate in Henderson?
Henderson has an effective property tax rate of 0.931%, based on a median home value of $294,800 and median real estate taxes of $2,745. That is higher than the Chatham County average of 0.901%.
What is the average home price in Henderson?
The median owner-occupied home value in Henderson, Georgia is $294,800, against $273,300 across Chatham County.
Is it cheaper to rent or buy in Henderson?
Median gross rent in Henderson is $1,397 a month, against $2,330 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 Henderson — 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.