Total monthly cost of ownership
Cost to Own a Home in Waynesboro, Georgia
A $96,000 home here costs
$976per 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 $42,000 a year.
A standard mortgage calculator would have told you $523. The real number is $453 higher every month, 87% more than the payment most buyers budget for.
Compare Burke 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.
Waynesboro against Burke County and Georgia
| Measure | Waynesboro | Burke County |
|---|---|---|
| Median home value | $96,000 | $107,800 |
| Median property tax | $1,111 | $978 |
| Effective tax rate | 1.157% | 0.907% |
| Median gross rent | $752 | $763 |
| Population | 5,700 | 24,427 |
The weather behind that power bill
Waynesboro sits in Burke County, which averages a high of 91.9°F in its hottest month and a low of 34.0°F in its coldest, with 48.19" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,066 cooling and 2,447 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Burke County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Burke County
No other places of this size are published in Burke County.
Talk to someone who works this market
These are Waynesboro 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 Waynesboro every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Waynesboro I already own here and may sell
Common questions
How much does it cost to own a home in Waynesboro?
A $96,000 home in Waynesboro, Georgia costs approximately $976 per month with 20% down at 7.24%. That is $523 principal and interest, $93 property tax, $42 homeowners insurance, $239 utilities and $80 set aside for maintenance.
What is the property tax rate in Waynesboro?
Waynesboro has an effective property tax rate of 1.157%, based on a median home value of $96,000 and median real estate taxes of $1,111. That is higher than the Burke County average of 0.907%.
What is the average home price in Waynesboro?
The median owner-occupied home value in Waynesboro, Georgia is $96,000, against $107,800 across Burke County.
Is it cheaper to rent or buy in Waynesboro?
Median gross rent in Waynesboro is $752 a month, against $976 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 Waynesboro?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Waynesboro, Georgia at today's rate takes a household income of roughly $42,000 a year. That covers the full $976 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Waynesboro, 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.