Total monthly cost of ownership
Cost to Own a Home in Tifton, Georgia
A $162,000 home here costs
$1,378per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $833. The real number is $545 higher every month — 65% 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.
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 $142 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
Common questions
How much does it cost to own a home in Tifton?
A $162,000 home in Tifton, Georgia costs approximately $1,378 per month with 20% down at 6.66%. That is $833 principal and interest, $129 property tax, $70 homeowners insurance, $210 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 $1,378 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 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.