Total monthly cost of ownership
Cost to Own a Home in Statesboro, Georgia
A $159,000 home here costs
$1,431per 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 $61,500 a year.
A standard mortgage calculator would have told you $867. The real number is $564 higher every month, 65% more than the payment most buyers budget for.
Compare Bulloch 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.
Statesboro against Bulloch County and Georgia
| Measure | Statesboro | Bulloch County |
|---|---|---|
| Median home value | $158,600 | $191,600 |
| Median property tax | $1,478 | $1,491 |
| Effective tax rate | 0.932% | 0.778% |
| Median gross rent | $935 | $968 |
| Population | 33,705 | 81,372 |
The weather behind that power bill
Statesboro sits in Bulloch County, which averages a high of 92.8°F in its hottest month and a low of 37.5°F in its coldest, with 46.98" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,412 cooling and 1,913 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Bulloch County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bulloch County
Full Bulloch County cost breakdown · Every county in Georgia
Talk to someone who works this market
These are Statesboro 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 Statesboro every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Statesboro I already own here and may sell
Common questions
How much does it cost to own a home in Statesboro?
A $159,000 home in Statesboro, Georgia costs approximately $1,431 per month with 20% down at 7.24%. That is $867 principal and interest, $123 property tax, $69 homeowners insurance, $239 utilities and $133 set aside for maintenance.
What is the property tax rate in Statesboro?
Statesboro has an effective property tax rate of 0.932%, based on a median home value of $158,600 and median real estate taxes of $1,478. That is higher than the Bulloch County average of 0.778%.
What is the average home price in Statesboro?
The median owner-occupied home value in Statesboro, Georgia is $158,600, against $191,600 across Bulloch County.
Is it cheaper to rent or buy in Statesboro?
Median gross rent in Statesboro is $935 a month, against $1,431 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 Statesboro?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Statesboro, Georgia at today's rate takes a household income of roughly $61,500 a year. That covers the full $1,431 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Statesboro, 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.