Total monthly cost of ownership
Cost to Own a Home in Lakeview, Georgia
A $162,000 home here costs
$1,396per 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 $60,000 a year.
A standard mortgage calculator would have told you $883. The real number is $513 higher every month, 58% more than the payment most buyers budget for.
Compare Walker County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lakeview from a five-year rolling sample, and with about 4,760 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 Walker 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 against Walker County and Georgia
| Measure | Lakeview | Walker County |
|---|---|---|
| Median home value | $162,300 | $173,900 |
| Median property tax | $827 | $1,353 |
| Effective tax rate | 0.510% | 0.778% |
| Median gross rent | $985 | $867 |
| Population | 4,760 | 68,449 |
Lakeview extends across 2 counties. Figures here use Walker County, where most of its housing sits.
The weather behind that power bill
Lakeview sits in Walker County, which averages a high of 88.9°F in its hottest month and a low of 32.9°F in its coldest, with 57" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,733 cooling and 3,080 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Walker County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walker County
Talk to someone who works this market
These are Lakeview 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 every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lakeview I already own here and may sell
Common questions
How much does it cost to own a home in Lakeview?
A $162,000 home in Lakeview, Georgia costs approximately $1,396 per month with 20% down at 7.24%. That is $883 principal and interest, $69 property tax, $70 homeowners insurance, $239 utilities and $135 set aside for maintenance.
What is the property tax rate in Lakeview?
Lakeview has an effective property tax rate of 0.510%, based on a median home value of $162,300 and median real estate taxes of $827. That is lower than the Walker County average of 0.778%.
What is the average home price in Lakeview?
The median owner-occupied home value in Lakeview, Georgia is $162,300, against $173,900 across Walker County.
Is it cheaper to rent or buy in Lakeview?
Median gross rent in Lakeview is $985 a month, against $1,396 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 Lakeview?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lakeview, Georgia at today's rate takes a household income of roughly $60,000 a year. That covers the full $1,396 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lakeview, 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.