Total monthly cost of ownership
Cost to Own a Home in Ringgold, Georgia
A $195,000 home here costs
$1,674per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $72,000 a year.
A standard mortgage calculator would have told you $1,063. The real number is $611 higher every month, 57% more than the payment most buyers budget for.
Compare Catoosa County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ringgold from a five-year rolling sample, and with about 3,412 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Catoosa County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ringgold against Catoosa County and Georgia
| Measure | Ringgold | Catoosa County |
|---|---|---|
| Median home value | $195,100 | $214,200 |
| Median property tax | $1,505 | $1,475 |
| Effective tax rate | 0.771% | 0.689% |
| Median gross rent | $812 | $953 |
| Population | 3,412 | 68,356 |
The weather behind that power bill
Ringgold sits in Catoosa County, which averages a high of 90.5°F in its hottest month and a low of 32.4°F in its coldest, with 55" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,921 cooling and 3,029 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Catoosa County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Catoosa County
Full Catoosa County cost breakdown · Every county in Georgia
Talk to someone who works this market
These are Ringgold averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Ringgold every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ringgold I already own here and may sell
Common questions
How much does it cost to own a home in Ringgold?
A $195,000 home in Ringgold, Georgia costs approximately $1,674 per month with 20% down at 7.24%. That is $1,063 principal and interest, $125 property tax, $85 homeowners insurance, $239 utilities and $163 set aside for maintenance.
What is the property tax rate in Ringgold?
Ringgold has an effective property tax rate of 0.771%, based on a median home value of $195,100 and median real estate taxes of $1,505. That is higher than the Catoosa County average of 0.689%.
What is the average home price in Ringgold?
The median owner-occupied home value in Ringgold, Georgia is $195,100, against $214,200 across Catoosa County.
Is it cheaper to rent or buy in Ringgold?
Median gross rent in Ringgold is $812 a month, against $1,674 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Ringgold?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ringgold, Georgia at today's rate takes a household income of roughly $72,000 a year. That covers the full $1,674 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ringgold, 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.