Is It Worth Buying a Home in Augusta, GA?
The decision to rent or buy in Augusta, Georgia depends on how long you plan to stay, your down payment, and current mortgage rates. With a median home price of $215,000 and median monthly rent of $1,250, the math plays out differently depending on your personal situation.
Augusta has an average property tax rate of 0.92% annually, which adds approximately $165/month to the cost of homeownership on a median-priced home.
Historically, home values in Augusta have appreciated at roughly 2.5% per year, which works in favor of buyers who plan to stay long-term. Use the calculator above to find your personal break-even point.
Key Factors for Augusta Buyers
- Down payment of 20% on a median home = $43,000
- Monthly mortgage (30yr at 6.99%) ≈ $1,143/mo
- Property tax ≈ $165/mo
- Estimated maintenance ≈ $179/mo