Total monthly cost of ownership
Cost to Own a Home in Social Circle, Georgia
A $244,000 home here costs
$2,072per 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 $89,000 a year.
A standard mortgage calculator would have told you $1,330. The real number is $742 higher every month, 56% more than the payment most buyers budget for.
Compare Newton County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Social Circle against Newton County and Georgia
| Measure | Social Circle | Newton County |
|---|---|---|
| Median home value | $244,400 | $233,300 |
| Median property tax | $2,327 | $2,133 |
| Effective tax rate | 0.952% | 0.914% |
| Median gross rent | $1,130 | $1,331 |
| Population | 5,113 | 115,530 |
Social Circle extends across 2 counties. Figures here use Newton County, where most of its housing sits.
The weather behind that power bill
Social Circle sits in Newton County, which averages a high of 89.4°F in its hottest month and a low of 33.6°F in its coldest, with 50.5" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,840 cooling and 2,847 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Newton County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Newton County
Talk to someone who works this market
These are Social Circle 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 Social Circle every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Social Circle I already own here and may sell
Common questions
How much does it cost to own a home in Social Circle?
A $244,000 home in Social Circle, Georgia costs approximately $2,072 per month with 20% down at 7.24%. That is $1,330 principal and interest, $194 property tax, $106 homeowners insurance, $239 utilities and $203 set aside for maintenance.
What is the property tax rate in Social Circle?
Social Circle has an effective property tax rate of 0.952%, based on a median home value of $244,400 and median real estate taxes of $2,327. That is higher than the Newton County average of 0.914%.
What is the average home price in Social Circle?
The median owner-occupied home value in Social Circle, Georgia is $244,400, against $233,300 across Newton County.
Is it cheaper to rent or buy in Social Circle?
Median gross rent in Social Circle is $1,130 a month, against $2,072 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 Social Circle?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Social Circle, Georgia at today's rate takes a household income of roughly $89,000 a year. That covers the full $2,072 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Social Circle, 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.