Total monthly cost of ownership
Cost to Own a Home in Pelham, Georgia
A $96,000 home here costs
$926per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $494. The real number is $432 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.
Pelham against Mitchell County and Georgia
| Measure | Pelham | Mitchell County |
|---|---|---|
| Median home value | $95,800 | $105,500 |
| Median property tax | $1,197 | $1,347 |
| Effective tax rate | 1.249% | 1.277% |
| Median gross rent | $737 | $776 |
| Population | 3,465 | 21,441 |
The weather behind that power bill
Pelham sits in Mitchell County, which averages a high of 90.4°F in its hottest month and a low of 37.7°F in its coldest, with 51.57" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,304 cooling and 1,921 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Mitchell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mitchell County
Full Mitchell County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Pelham?
A $96,000 home in Pelham, Georgia costs approximately $926 per month with 20% down at 6.66%. That is $494 principal and interest, $100 property tax, $42 homeowners insurance, $210 utilities and $80 set aside for maintenance.
What is the property tax rate in Pelham?
Pelham has an effective property tax rate of 1.249%, based on a median home value of $95,800 and median real estate taxes of $1,197. That is lower than the Mitchell County average of 1.277%.
What is the average home price in Pelham?
The median owner-occupied home value in Pelham, Georgia is $95,800, against $105,500 across Mitchell County.
Is it cheaper to rent or buy in Pelham?
Median gross rent in Pelham is $737 a month, against $926 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 Pelham — 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.