Total monthly cost of ownership
Cost to Own a Home in Montezuma, Georgia
A $96,000 home here costs
$944per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $494. The real number is $450 higher every month — 91% 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.
Montezuma against Macon County and Georgia
| Measure | Montezuma | Macon County |
|---|---|---|
| Median home value | $95,900 | $87,000 |
| Median property tax | $1,419 | $1,011 |
| Effective tax rate | 1.480% | 1.162% |
| Median gross rent | $691 | $624 |
| Population | 3,002 | 11,953 |
The weather behind that power bill
Montezuma sits in Macon County, which averages a high of 93.5°F in its hottest month and a low of 35.9°F in its coldest, with 46.91" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,326 cooling and 2,146 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Macon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Macon County
Common questions
How much does it cost to own a home in Montezuma?
A $96,000 home in Montezuma, Georgia costs approximately $944 per month with 20% down at 6.66%. That is $494 principal and interest, $118 property tax, $42 homeowners insurance, $210 utilities and $80 set aside for maintenance.
What is the property tax rate in Montezuma?
Montezuma has an effective property tax rate of 1.480%, based on a median home value of $95,900 and median real estate taxes of $1,419. That is higher than the Macon County average of 1.162%.
What is the average home price in Montezuma?
The median owner-occupied home value in Montezuma, Georgia is $95,900, against $87,000 across Macon County.
Is it cheaper to rent or buy in Montezuma?
Median gross rent in Montezuma is $691 a month, against $944 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 Montezuma — 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.