Total monthly cost of ownership
Cost to Own a Home in Monticello, Georgia
A $164,000 home here costs
$1,408per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $843. The real number is $565 higher every month — 67% 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.
Monticello against Jasper County and Georgia
| Measure | Monticello | Jasper County |
|---|---|---|
| Median home value | $164,100 | $219,700 |
| Median property tax | $1,757 | $1,956 |
| Effective tax rate | 1.071% | 0.890% |
| Median gross rent | $1,003 | $983 |
| Population | 2,668 | 15,345 |
The weather behind that power bill
Monticello sits in Jasper County, which averages a high of 92.3°F in its hottest month and a low of 29.4°F in its coldest, with 46.7" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,778 cooling and 2,838 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Jasper County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jasper County
No other places of this size are published in Jasper County.
Common questions
How much does it cost to own a home in Monticello?
A $164,000 home in Monticello, Georgia costs approximately $1,408 per month with 20% down at 6.66%. That is $843 principal and interest, $146 property tax, $71 homeowners insurance, $210 utilities and $137 set aside for maintenance.
What is the property tax rate in Monticello?
Monticello has an effective property tax rate of 1.071%, based on a median home value of $164,100 and median real estate taxes of $1,757. That is higher than the Jasper County average of 0.890%.
What is the average home price in Monticello?
The median owner-occupied home value in Monticello, Georgia is $164,100, against $219,700 across Jasper County.
Is it cheaper to rent or buy in Monticello?
Median gross rent in Monticello is $1,003 a month, against $1,408 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 Monticello — 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.