Total monthly cost of ownership
Cost to Own a Home in Oglethorpe, Georgia
A $61,000 home here costs
$679per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $314. The real number is $366 higher every month — 117% 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.
Oglethorpe against Macon County and Georgia
| Measure | Oglethorpe | Macon County |
|---|---|---|
| Median home value | $61,100 | $87,000 |
| Median property tax | $937 | $1,011 |
| Effective tax rate | 1.534% | 1.162% |
| Median gross rent | $646 | $624 |
| Population | 1,069 | 11,953 |
The weather behind that power bill
Oglethorpe sits in Macon County, which averages a high of 93.5°F in its hottest month and a low of 35.9°F in its coldest, with 46.91" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,326 cooling and 2,146 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Macon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Macon County
Common questions
How much does it cost to own a home in Oglethorpe?
A $61,000 home in Oglethorpe, Georgia costs approximately $679 per month with 20% down at 6.66%. That is $314 principal and interest, $78 property tax, $26 homeowners insurance, $210 utilities and $51 set aside for maintenance.
What is the property tax rate in Oglethorpe?
Oglethorpe has an effective property tax rate of 1.534%, based on a median home value of $61,100 and median real estate taxes of $937. That is higher than the Macon County average of 1.162%.
What is the average home price in Oglethorpe?
The median owner-occupied home value in Oglethorpe, Georgia is $61,100, against $87,000 across Macon County.
Is it cheaper to rent or buy in Oglethorpe?
Median gross rent in Oglethorpe is $646 a month, against $679 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 Oglethorpe — 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.