Total monthly cost of ownership
Cost to Own a Home in Springfield, Georgia
A $181,000 home here costs
$1,506per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $931. The real number is $576 higher every month — 62% 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.
Springfield against Effingham County and Georgia
| Measure | Springfield | Effingham County |
|---|---|---|
| Median home value | $180,900 | $245,300 |
| Median property tax | $1,628 | $2,344 |
| Effective tax rate | 0.900% | 0.956% |
| Median gross rent | $1,106 | $1,116 |
| Population | 2,874 | 67,265 |
The weather behind that power bill
Springfield sits in Effingham 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 Effingham County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Effingham County
Full Effingham County cost breakdown · Every county in Georgia
Common questions
How much does it cost to own a home in Springfield?
A $181,000 home in Springfield, Georgia costs approximately $1,506 per month with 20% down at 6.66%. That is $931 principal and interest, $136 property tax, $79 homeowners insurance, $210 utilities and $151 set aside for maintenance.
What is the property tax rate in Springfield?
Springfield has an effective property tax rate of 0.900%, based on a median home value of $180,900 and median real estate taxes of $1,628. That is lower than the Effingham County average of 0.956%.
What is the average home price in Springfield?
The median owner-occupied home value in Springfield, Georgia is $180,900, against $245,300 across Effingham County.
Is it cheaper to rent or buy in Springfield?
Median gross rent in Springfield is $1,106 a month, against $1,506 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 Springfield — 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.