Total monthly cost of ownership
Cost to Own a Home in Hiawassee, Georgia
A $365,000 home here costs
$2,688per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,876. The real number is $812 higher every month — 43% 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.
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 $142 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
Common questions
How much does it cost to own a home in Hiawassee?
A $365,000 home in Hiawassee, Georgia costs approximately $2,688 per month with 20% down at 6.66%. That is $1,876 principal and interest, $139 property tax, $158 homeowners insurance, $210 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 $2,688 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 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.