Total monthly cost of ownership
Cost to Own a Home in Statesboro, Georgia
A $159,000 home here costs
$1,353per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $535 higher every month — 66% 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.
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 $142 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
Common questions
How much does it cost to own a home in Statesboro?
A $159,000 home in Statesboro, Georgia costs approximately $1,353 per month with 20% down at 6.66%. That is $817 principal and interest, $123 property tax, $69 homeowners insurance, $210 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 $1,353 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 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.