Total monthly cost of ownership
Cost to Own a Home in Morrow, Georgia
A $222,000 home here costs
$1,872per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $80,000 a year.
A standard mortgage calculator would have told you $1,210. The real number is $661 higher every month, 55% more than the payment most buyers budget for.
Compare Clayton County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Morrow against Clayton County and Georgia
| Measure | Morrow | Clayton County |
|---|---|---|
| Median home value | $221,900 | $194,500 |
| Median property tax | $1,693 | $1,737 |
| Effective tax rate | 0.763% | 0.893% |
| Median gross rent | $1,401 | $1,307 |
| Population | 6,519 | 298,771 |
The weather behind that power bill
Morrow sits in Clayton County, which averages a high of 90.1°F in its hottest month and a low of 35.6°F in its coldest, with 50.43" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 2,051 cooling and 2,531 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Clayton County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clayton County
Full Clayton County cost breakdown · Every county in Georgia
Talk to someone who works this market
These are Morrow averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Morrow every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Morrow I already own here and may sell
Common questions
How much does it cost to own a home in Morrow?
A $222,000 home in Morrow, Georgia costs approximately $1,872 per month with 20% down at 7.24%. That is $1,210 principal and interest, $141 property tax, $96 homeowners insurance, $239 utilities and $185 set aside for maintenance.
What is the property tax rate in Morrow?
Morrow has an effective property tax rate of 0.763%, based on a median home value of $221,900 and median real estate taxes of $1,693. That is lower than the Clayton County average of 0.893%.
What is the average home price in Morrow?
The median owner-occupied home value in Morrow, Georgia is $221,900, against $194,500 across Clayton County.
Is it cheaper to rent or buy in Morrow?
Median gross rent in Morrow is $1,401 a month, against $1,872 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Morrow?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Morrow, Georgia at today's rate takes a household income of roughly $80,000 a year. That covers the full $1,872 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Morrow, 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.