Total monthly cost of ownership
Cost to Own a Home in Lithia Springs, Georgia
A $200,000 home here costs
$1,696per 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 $72,500 a year.
A standard mortgage calculator would have told you $1,090. The real number is $605 higher every month, 56% more than the payment most buyers budget for.
Compare Douglas County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lithia Springs against Douglas County and Georgia
| Measure | Lithia Springs | Douglas County |
|---|---|---|
| Median home value | $199,500 | $262,200 |
| Median property tax | $1,353 | $2,079 |
| Effective tax rate | 0.678% | 0.793% |
| Median gross rent | $1,353 | $1,447 |
| Population | 16,138 | 146,141 |
The weather behind that power bill
Lithia Springs sits in Douglas County, which averages a high of 90.0°F in its hottest month and a low of 33.5°F in its coldest, with 48.13" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,826 cooling and 2,775 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Douglas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Douglas County
Full Douglas County cost breakdown · Every county in Georgia
Talk to someone who works this market
These are Lithia Springs 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 Lithia Springs every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lithia Springs I already own here and may sell
Common questions
How much does it cost to own a home in Lithia Springs?
A $200,000 home in Lithia Springs, Georgia costs approximately $1,696 per month with 20% down at 7.24%. That is $1,090 principal and interest, $113 property tax, $87 homeowners insurance, $239 utilities and $167 set aside for maintenance.
What is the property tax rate in Lithia Springs?
Lithia Springs has an effective property tax rate of 0.678%, based on a median home value of $199,500 and median real estate taxes of $1,353. That is lower than the Douglas County average of 0.793%.
What is the average home price in Lithia Springs?
The median owner-occupied home value in Lithia Springs, Georgia is $199,500, against $262,200 across Douglas County.
Is it cheaper to rent or buy in Lithia Springs?
Median gross rent in Lithia Springs is $1,353 a month, against $1,696 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 Lithia Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lithia Springs, Georgia at today's rate takes a household income of roughly $72,500 a year. That covers the full $1,696 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lithia Springs, 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.