Total monthly cost of ownership
Cost to Own a Home in Walnut Grove, Georgia
A $226,000 home here costs
$1,857per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,162. The real number is $696 higher every month — 60% 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.
Walnut Grove against Walton County and Georgia
| Measure | Walnut Grove | Walton County |
|---|---|---|
| Median home value | $225,800 | $300,500 |
| Median property tax | $2,382 | $2,431 |
| Effective tax rate | 1.055% | 0.809% |
| Median gross rent | $1,167 | $1,231 |
| Population | 1,594 | 100,361 |
The weather behind that power bill
Walnut Grove sits in Walton County, which averages a high of 89.5°F in its hottest month and a low of 34.1°F in its coldest, with 47.75" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,694 cooling and 2,789 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Walton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walton County
Common questions
How much does it cost to own a home in Walnut Grove?
A $226,000 home in Walnut Grove, Georgia costs approximately $1,857 per month with 20% down at 6.66%. That is $1,162 principal and interest, $199 property tax, $98 homeowners insurance, $210 utilities and $188 set aside for maintenance.
What is the property tax rate in Walnut Grove?
Walnut Grove has an effective property tax rate of 1.055%, based on a median home value of $225,800 and median real estate taxes of $2,382. That is higher than the Walton County average of 0.809%.
What is the average home price in Walnut Grove?
The median owner-occupied home value in Walnut Grove, Georgia is $225,800, against $300,500 across Walton County.
Is it cheaper to rent or buy in Walnut Grove?
Median gross rent in Walnut Grove is $1,167 a month, against $1,857 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 Walnut Grove — 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.