Total monthly cost of ownership
Cost to Own a Home in Midway, Georgia
A $220,000 home here costs
$1,836per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,131. The real number is $705 higher every month — 62% 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.
Midway against Liberty County and Georgia
| Measure | Midway | Liberty County |
|---|---|---|
| Median home value | $220,300 | $180,200 |
| Median property tax | $2,596 | $1,897 |
| Effective tax rate | 1.178% | 1.053% |
| Median gross rent | $950 | $1,203 |
| Population | 2,173 | 66,826 |
The weather behind that power bill
Midway sits in Liberty County, which averages a high of 91.6°F in its hottest month and a low of 41.1°F in its coldest, with 51.04" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,575 cooling and 1,519 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Liberty County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Liberty County
Full Liberty County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Midway?
A $220,000 home in Midway, Georgia costs approximately $1,836 per month with 20% down at 6.66%. That is $1,131 principal and interest, $216 property tax, $96 homeowners insurance, $210 utilities and $183 set aside for maintenance.
What is the property tax rate in Midway?
Midway has an effective property tax rate of 1.178%, based on a median home value of $220,300 and median real estate taxes of $2,596. That is higher than the Liberty County average of 1.053%.
What is the average home price in Midway?
The median owner-occupied home value in Midway, Georgia is $220,300, against $180,200 across Liberty County.
Is it cheaper to rent or buy in Midway?
Median gross rent in Midway is $950 a month, against $1,836 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 Midway — 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.