Total monthly cost of ownership
Cost to Own a Home in Rome, Georgia
A $215,000 home here costs
$1,765per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,105. The real number is $660 higher every month — 60% 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.
Rome against Floyd County and Georgia
| Measure | Rome | Floyd County |
|---|---|---|
| Median home value | $214,700 | $194,100 |
| Median property tax | $2,116 | $1,560 |
| Effective tax rate | 0.986% | 0.804% |
| Median gross rent | $976 | $971 |
| Population | 37,754 | 98,985 |
The weather behind that power bill
Rome sits in Floyd County, which averages a high of 91.2°F in its hottest month and a low of 31.8°F in its coldest, with 50.68" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,838 cooling and 2,974 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Floyd County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Floyd County
Common questions
How much does it cost to own a home in Rome?
A $215,000 home in Rome, Georgia costs approximately $1,765 per month with 20% down at 6.66%. That is $1,105 principal and interest, $177 property tax, $93 homeowners insurance, $210 utilities and $179 set aside for maintenance.
What is the property tax rate in Rome?
Rome has an effective property tax rate of 0.986%, based on a median home value of $214,700 and median real estate taxes of $2,116. That is higher than the Floyd County average of 0.804%.
What is the average home price in Rome?
The median owner-occupied home value in Rome, Georgia is $214,700, against $194,100 across Floyd County.
Is it cheaper to rent or buy in Rome?
Median gross rent in Rome is $976 a month, against $1,765 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 Rome — 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.