Total monthly cost of ownership
Cost to Own a Home in Hiawassee, Georgia
A $365,000 home here costs
$2,830per 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 $121,500 a year.
A standard mortgage calculator would have told you $1,990. The real number is $840 higher every month, 42% more than the payment most buyers budget for.
Compare Towns County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hiawassee from a five-year rolling sample, and with about 1,300 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 Towns 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.
Hiawassee against Towns County and Georgia
| Measure | Hiawassee | Towns County |
|---|---|---|
| Median home value | $365,300 | $311,900 |
| Median property tax | $1,664 | $1,139 |
| Effective tax rate | 0.456% | 0.365% |
| Median gross rent | $890 | $822 |
| Population | 1,300 | 12,739 |
The weather behind that power bill
Hiawassee sits in Towns County, which averages a high of 84.8°F in its hottest month and a low of 25.4°F in its coldest, with 60.3" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 849 cooling and 4,142 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Towns County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Towns County
Talk to someone who works this market
These are Hiawassee 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 Hiawassee every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hiawassee I already own here and may sell
Common questions
How much does it cost to own a home in Hiawassee?
A $365,000 home in Hiawassee, Georgia costs approximately $2,830 per month with 20% down at 7.24%. That is $1,990 principal and interest, $139 property tax, $158 homeowners insurance, $239 utilities and $304 set aside for maintenance.
What is the property tax rate in Hiawassee?
Hiawassee has an effective property tax rate of 0.456%, based on a median home value of $365,300 and median real estate taxes of $1,664. That is higher than the Towns County average of 0.365%.
What is the average home price in Hiawassee?
The median owner-occupied home value in Hiawassee, Georgia is $365,300, against $311,900 across Towns County.
Is it cheaper to rent or buy in Hiawassee?
Median gross rent in Hiawassee is $890 a month, against $2,830 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 Hiawassee?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hiawassee, Georgia at today's rate takes a household income of roughly $121,500 a year. That covers the full $2,830 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hiawassee, 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.