Total monthly cost of ownership
Cost to Own a Home in Newnan, Georgia
A $328,000 home here costs
$2,525per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,686. The real number is $838 higher every month — 50% 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.
Newnan against Coweta County and Georgia
| Measure | Newnan | Coweta County |
|---|---|---|
| Median home value | $327,800 | $321,900 |
| Median property tax | $2,545 | $2,482 |
| Effective tax rate | 0.776% | 0.771% |
| Median gross rent | $1,391 | $1,397 |
| Population | 43,510 | 150,071 |
The weather behind that power bill
Newnan sits in Coweta County, which averages a high of 91.0°F in its hottest month and a low of 34.1°F in its coldest, with 49.3" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,945 cooling and 2,587 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Coweta County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coweta County
Common questions
How much does it cost to own a home in Newnan?
A $328,000 home in Newnan, Georgia costs approximately $2,525 per month with 20% down at 6.66%. That is $1,686 principal and interest, $212 property tax, $142 homeowners insurance, $210 utilities and $273 set aside for maintenance.
What is the property tax rate in Newnan?
Newnan has an effective property tax rate of 0.776%, based on a median home value of $327,800 and median real estate taxes of $2,545. That is in line with the Coweta County average of 0.771%.
What is the average home price in Newnan?
The median owner-occupied home value in Newnan, Georgia is $327,800, against $321,900 across Coweta County.
Is it cheaper to rent or buy in Newnan?
Median gross rent in Newnan is $1,391 a month, against $2,525 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 Newnan — 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.