Total monthly cost of ownership
Cost to Own a Home in Morgan, Georgia
A $90,000 home here costs
$868per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $463. The real number is $406 higher every month — 88% 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.
Morgan against Calhoun County and Georgia
| Measure | Morgan | Calhoun County |
|---|---|---|
| Median home value | $90,400 | $82,200 |
| Median property tax | $979 | $947 |
| Effective tax rate | 1.083% | 1.152% |
| Median gross rent | $775 | $638 |
| Population | 1,878 | 5,528 |
The weather behind that power bill
Morgan sits in Calhoun County, which averages a high of 91.5°F in its hottest month and a low of 37.5°F in its coldest, with 52.85" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,255 cooling and 1,910 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Calhoun County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Calhoun County
Full Calhoun County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Morgan?
A $90,000 home in Morgan, Georgia costs approximately $868 per month with 20% down at 6.66%. That is $463 principal and interest, $81 property tax, $39 homeowners insurance, $210 utilities and $75 set aside for maintenance.
What is the property tax rate in Morgan?
Morgan has an effective property tax rate of 1.083%, based on a median home value of $90,400 and median real estate taxes of $979. That is lower than the Calhoun County average of 1.152%.
What is the average home price in Morgan?
The median owner-occupied home value in Morgan, Georgia is $90,400, against $82,200 across Calhoun County.
Is it cheaper to rent or buy in Morgan?
Median gross rent in Morgan is $775 a month, against $868 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 Morgan — 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.