Total monthly cost of ownership
Cost to Own a Home in Heron Bay, Georgia
A $354,000 home here costs
$2,893per 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 $124,000 a year.
A standard mortgage calculator would have told you $1,930. The real number is $963 higher every month, 50% more than the payment most buyers budget for.
Compare Henry County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Heron Bay from a five-year rolling sample, and with about 4,561 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 Henry 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.
Heron Bay against Henry County and Georgia
| Measure | Heron Bay | Henry County |
|---|---|---|
| Median home value | $353,800 | $277,400 |
| Median property tax | $3,300 | $2,559 |
| Effective tax rate | 0.933% | 0.922% |
| Median gross rent | — | $1,538 |
| Population | 4,561 | 245,417 |
Heron Bay extends across 2 counties. Figures here use Henry County, where most of its housing sits.
The weather behind that power bill
Heron Bay sits in Henry County, which averages a high of 91.8°F in its hottest month and a low of 31.7°F in its coldest, with 51.15" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,844 cooling and 2,908 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Henry County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Henry County
Talk to someone who works this market
These are Heron Bay 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 Heron Bay every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Heron Bay I already own here and may sell
Common questions
How much does it cost to own a home in Heron Bay?
A $354,000 home in Heron Bay, Georgia costs approximately $2,893 per month with 20% down at 7.24%. That is $1,930 principal and interest, $275 property tax, $154 homeowners insurance, $239 utilities and $295 set aside for maintenance.
What is the property tax rate in Heron Bay?
Heron Bay has an effective property tax rate of 0.933%, based on a median home value of $353,800 and median real estate taxes of $3,300. That is higher than the Henry County average of 0.922%.
What is the average home price in Heron Bay?
The median owner-occupied home value in Heron Bay, Georgia is $353,800, against $277,400 across Henry County.
Is it cheaper to rent or buy in Heron Bay?
Rent data is not published for Heron Bay at this level of detail.
What salary do you need to buy a home in Heron Bay?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Heron Bay, Georgia at today's rate takes a household income of roughly $124,000 a year. That covers the full $2,893 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Heron Bay, 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.