Total monthly cost of ownership
Cost to Own a Home in Lakeview Estates, Georgia
A $38,000 home here costs
$511per 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 $22,000 a year.
A standard mortgage calculator would have told you $207. The real number is $303 higher every month, 146% more than the payment most buyers budget for.
Compare Rockdale County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lakeview Estates from a five-year rolling sample, and with about 3,057 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 Rockdale 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.
Lakeview Estates against Rockdale County and Georgia
| Measure | Lakeview Estates | Rockdale County |
|---|---|---|
| Median home value | $38,400 | $256,600 |
| Median property tax | $199 | $1,843 |
| Effective tax rate | 0.518% | 0.718% |
| Median gross rent | $641 | $1,341 |
| Population | 3,057 | 94,293 |
The weather behind that power bill
Lakeview Estates sits in Rockdale County, which averages a high of 89.4°F in its hottest month and a low of 32.7°F in its coldest, with 51.43" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,728 cooling and 2,980 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Rockdale County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rockdale County
Full Rockdale County cost breakdown · Every county in Georgia
Talk to someone who works this market
These are Lakeview Estates 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 Lakeview Estates every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lakeview Estates I already own here and may sell
Common questions
How much does it cost to own a home in Lakeview Estates?
A $38,000 home in Lakeview Estates, Georgia costs approximately $511 per month with 20% down at 7.24%. That is $207 principal and interest, $16 property tax, $16 homeowners insurance, $239 utilities and $32 set aside for maintenance.
What is the property tax rate in Lakeview Estates?
Lakeview Estates has an effective property tax rate of 0.518%, based on a median home value of $38,400 and median real estate taxes of $199. That is lower than the Rockdale County average of 0.718%.
What is the average home price in Lakeview Estates?
The median owner-occupied home value in Lakeview Estates, Georgia is $38,400, against $256,600 across Rockdale County.
Is it cheaper to rent or buy in Lakeview Estates?
Median gross rent in Lakeview Estates is $641 a month, against $511 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Lakeview Estates?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lakeview Estates, Georgia at today's rate takes a household income of roughly $22,000 a year. That covers the full $511 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lakeview Estates, 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.