Total monthly cost of ownership
Cost to Own a Home in Jekyll Island, Georgia
A $522,000 home here costs
$3,973per 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 $170,500 a year.
A standard mortgage calculator would have told you $2,846. The real number is $1,127 higher every month, 40% more than the payment most buyers budget for.
Compare Glynn County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Jekyll Island from a five-year rolling sample, and with about 1,078 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 Glynn 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.
Jekyll Island against Glynn County and Georgia
| Measure | Jekyll Island | Glynn County |
|---|---|---|
| Median home value | $522,100 | $268,300 |
| Median property tax | $2,725 | $1,712 |
| Effective tax rate | 0.522% | 0.638% |
| Median gross rent | $1,467 | $1,060 |
| Population | 1,078 | 84,987 |
The weather behind that power bill
Jekyll Island sits in Glynn County, which averages a high of 90.3°F in its hottest month and a low of 44.0°F in its coldest, with 50.29" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,698 cooling and 1,400 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Glynn County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Glynn County
Talk to someone who works this market
These are Jekyll Island 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 Jekyll Island every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Jekyll Island?
A $522,000 home in Jekyll Island, Georgia costs approximately $3,973 per month with 20% down at 7.24%. That is $2,846 principal and interest, $227 property tax, $227 homeowners insurance, $239 utilities and $435 set aside for maintenance.
What is the property tax rate in Jekyll Island?
Jekyll Island has an effective property tax rate of 0.522%, based on a median home value of $522,100 and median real estate taxes of $2,725. That is lower than the Glynn County average of 0.638%.
What is the average home price in Jekyll Island?
The median owner-occupied home value in Jekyll Island, Georgia is $522,100, against $268,300 across Glynn County.
Is it cheaper to rent or buy in Jekyll Island?
Median gross rent in Jekyll Island is $1,467 a month, against $3,973 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 Jekyll Island?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Jekyll Island, Georgia at today's rate takes a household income of roughly $170,500 a year. That covers the full $3,973 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Jekyll Island, 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.