Total monthly cost of ownership
Cost to Own a Home in Norman Park, Georgia
A $95,000 home here costs
$913per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $488. The real number is $425 higher every month — 87% 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.
Norman Park against Colquitt County and Georgia
| Measure | Norman Park | Colquitt County |
|---|---|---|
| Median home value | $95,400 | $121,400 |
| Median property tax | $1,131 | $1,051 |
| Effective tax rate | 1.186% | 0.866% |
| Median gross rent | $818 | $779 |
| Population | 1,242 | 45,907 |
The weather behind that power bill
Norman Park sits in Colquitt County, which averages a high of 90.2°F in its hottest month and a low of 39.3°F in its coldest, with 50" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,286 cooling and 1,779 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Colquitt County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Colquitt County
Full Colquitt County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Norman Park?
A $95,000 home in Norman Park, Georgia costs approximately $913 per month with 20% down at 6.66%. That is $488 principal and interest, $94 property tax, $41 homeowners insurance, $210 utilities and $79 set aside for maintenance.
What is the property tax rate in Norman Park?
Norman Park has an effective property tax rate of 1.186%, based on a median home value of $95,400 and median real estate taxes of $1,131. That is higher than the Colquitt County average of 0.866%.
What is the average home price in Norman Park?
The median owner-occupied home value in Norman Park, Georgia is $95,400, against $121,400 across Colquitt County.
Is it cheaper to rent or buy in Norman Park?
Median gross rent in Norman Park is $818 a month, against $913 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 Norman Park — 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.