Total monthly cost of ownership
Cost to Own a Home in Monroe, Georgia
A $222,000 home here costs
$1,815per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,141. The real number is $674 higher every month — 59% 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.
Monroe against Walton County and Georgia
| Measure | Monroe | Walton County |
|---|---|---|
| Median home value | $222,000 | $300,500 |
| Median property tax | $2,182 | $2,431 |
| Effective tax rate | 0.983% | 0.809% |
| Median gross rent | $1,118 | $1,231 |
| Population | 15,336 | 100,361 |
The weather behind that power bill
Monroe sits in Walton County, which averages a high of 89.5°F in its hottest month and a low of 34.1°F in its coldest, with 47.75" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,694 cooling and 2,789 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Walton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walton County
Common questions
How much does it cost to own a home in Monroe?
A $222,000 home in Monroe, Georgia costs approximately $1,815 per month with 20% down at 6.66%. That is $1,141 principal and interest, $182 property tax, $96 homeowners insurance, $210 utilities and $185 set aside for maintenance.
What is the property tax rate in Monroe?
Monroe has an effective property tax rate of 0.983%, based on a median home value of $222,000 and median real estate taxes of $2,182. That is higher than the Walton County average of 0.809%.
What is the average home price in Monroe?
The median owner-occupied home value in Monroe, Georgia is $222,000, against $300,500 across Walton County.
Is it cheaper to rent or buy in Monroe?
Median gross rent in Monroe is $1,118 a month, against $1,815 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 Monroe — 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.