Total monthly cost of ownership
Cost to Own a Home in Tifton, Georgia
A $162,000 home here costs
$1,457per 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 $62,500 a year.
A standard mortgage calculator would have told you $883. The real number is $574 higher every month, 65% more than the payment most buyers budget for.
Compare Tift 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.
Tifton against Tift County and Georgia
| Measure | Tifton | Tift County |
|---|---|---|
| Median home value | $161,700 | $143,100 |
| Median property tax | $1,551 | $1,339 |
| Effective tax rate | 0.959% | 0.936% |
| Median gross rent | $793 | $799 |
| Population | 17,140 | 41,322 |
The weather behind that power bill
Tifton sits in Tift County, which averages a high of 90.0°F in its hottest month and a low of 36.6°F in its coldest, with 48.23" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,083 cooling and 2,080 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Tift County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tift County
Talk to someone who works this market
These are Tifton 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 Tifton every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Tifton?
A $162,000 home in Tifton, Georgia costs approximately $1,457 per month with 20% down at 7.24%. That is $883 principal and interest, $129 property tax, $70 homeowners insurance, $239 utilities and $135 set aside for maintenance.
What is the property tax rate in Tifton?
Tifton has an effective property tax rate of 0.959%, based on a median home value of $161,700 and median real estate taxes of $1,551. That is higher than the Tift County average of 0.936%.
What is the average home price in Tifton?
The median owner-occupied home value in Tifton, Georgia is $161,700, against $143,100 across Tift County.
Is it cheaper to rent or buy in Tifton?
Median gross rent in Tifton is $793 a month, against $1,457 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 Tifton?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Tifton, Georgia at today's rate takes a household income of roughly $62,500 a year. That covers the full $1,457 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Tifton, 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.