Mortgage Calculator & Closing Costs: Alpharetta, GA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Alpharetta, Georgia.
Median Home Price
$545K
Population
67K
Avg Monthly Rent
$1,950
Property Tax Rate
0.92% *
* Property tax shown is the Georgia state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Alpharetta.
Alpharetta vs Georgia Median
The median home price in Alpharetta is $545,000, which is 60% above the Georgia state median of $340,000.
Mortgage Calculator — Alpharetta, GA
Pre-filled with Alpharetta median home price and Georgia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $545K home using Georgia's 0.92% tax rate and $2,200/yr insurance.
5% Down
$4,176/mo
Down: $27,250
Loan: $518K
P&I: $3,273
Tax: $418
Insurance: $183
PMI: $302
10% Down
$3,988/mo
Down: $54,500
Loan: $491K
P&I: $3,100
Tax: $418
Insurance: $183
PMI: $286
20% Down (No PMI)
$3,357/mo
Down: $109,000
Loan: $436K
P&I: $2,756
Tax: $418
Insurance: $183
Income needed (28% rule): $144K/year with 20% down, $171K/year with 10% down.
Rent vs Buy in Alpharetta
Rent
$1,950/mo
vs
Buy (10% down)
$3,988/mo
Price-to-rent ratio: 23.3 — At a ratio above 20, renting may be more economical in Alpharetta for shorter stays. Buying costs $2,038 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Alpharetta is $545,000, 60% above the Georgia state median of $340,000. With a population of 66,566, Alpharetta is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Georgia average 0.92% annually. This moderate property tax rate means a $545,000 home in Alpharetta would carry roughly $418/month in property taxes. Homeowners insurance in Georgia runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Alpharetta is $1,950/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Alpharetta is a higher-cost market. At $545K median, buyers need significant savings or strong income. Down payment assistance through Georgia's Georgia Dream Homeownership program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Alpharetta.