Mortgage payment estimates, closing cost breakdowns, and homebuying data for Atlanta, Georgia.
Median Home Price
$415K
Population
499K
Avg Monthly Rent
$1,750
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 Atlanta.
Atlanta vs Georgia Median
The median home price in Atlanta is $415,000, which is 22% above the Georgia state median of $340,000.
Mortgage Calculator — Atlanta, GA
Pre-filled with Atlanta median home price and Georgia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $415K home using Georgia's 0.92% tax rate and $2,200/yr insurance.
5% Down
$3,223/mo
Down: $20,750
Loan: $394K
P&I: $2,492
Tax: $318
Insurance: $183
PMI: $230
10% Down
$3,080/mo
Down: $41,500
Loan: $374K
P&I: $2,361
Tax: $318
Insurance: $183
PMI: $218
20% Down (No PMI)
$2,600/mo
Down: $83,000
Loan: $332K
P&I: $2,098
Tax: $318
Insurance: $183
Income needed (28% rule): $111K/year with 20% down, $132K/year with 10% down.
Rent vs Buy in Atlanta
Rent
$1,750/mo
vs
Buy (10% down)
$3,080/mo
Price-to-rent ratio: 19.8 — A ratio between 15-20 means the rent vs buy decision in Atlanta depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Atlanta is $415,000, 22% above the Georgia state median of $340,000. With a population of 498,715, Atlanta is a mid-size city 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 $415,000 home in Atlanta would carry roughly $318/month in property taxes. Homeowners insurance in Georgia runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Atlanta is $1,750/month. The price-to-rent ratio in Atlanta is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Atlanta is a higher-cost market. At $415K 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 Atlanta.