Total monthly cost of ownership
Cost to Own a Home in Richmond Hill, Georgia
A $272,000 home here costs
$2,156per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,398. The real number is $757 higher every month — 54% 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.
Richmond Hill against Bryan County and Georgia
| Measure | Richmond Hill | Bryan County |
|---|---|---|
| Median home value | $272,100 | $317,100 |
| Median property tax | $2,426 | $2,501 |
| Effective tax rate | 0.892% | 0.789% |
| Median gross rent | $1,757 | $1,584 |
| Population | 17,408 | 46,681 |
The weather behind that power bill
Richmond Hill sits in Bryan County, which averages a high of 92.3°F in its hottest month and a low of 40.0°F in its coldest, with 48.12" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,596 cooling and 1,675 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Bryan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bryan County
Common questions
How much does it cost to own a home in Richmond Hill?
A $272,000 home in Richmond Hill, Georgia costs approximately $2,156 per month with 20% down at 6.66%. That is $1,398 principal and interest, $202 property tax, $118 homeowners insurance, $210 utilities and $227 set aside for maintenance.
What is the property tax rate in Richmond Hill?
Richmond Hill has an effective property tax rate of 0.892%, based on a median home value of $272,100 and median real estate taxes of $2,426. That is higher than the Bryan County average of 0.789%.
What is the average home price in Richmond Hill?
The median owner-occupied home value in Richmond Hill, Georgia is $272,100, against $317,100 across Bryan County.
Is it cheaper to rent or buy in Richmond Hill?
Median gross rent in Richmond Hill is $1,757 a month, against $2,156 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 Richmond Hill — 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.