Mortgage payment estimates, closing cost breakdowns, and homebuying data for Augusta, Georgia.
Median Home Price
$195K
Population
202K
Avg Monthly Rent
$1,050
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 Augusta.
Augusta vs Georgia Median
The median home price in Augusta is $195,000, which is 43% below the Georgia state median of $340,000.
Mortgage Calculator — Augusta, GA
Pre-filled with Augusta median home price and Georgia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $195K home using Georgia's 0.92% tax rate and $2,200/yr insurance.
5% Down
$1,612/mo
Down: $9,750
Loan: $185K
P&I: $1,171
Tax: $150
Insurance: $183
PMI: $108
10% Down
$1,544/mo
Down: $19,500
Loan: $176K
P&I: $1,109
Tax: $150
Insurance: $183
PMI: $102
20% Down (No PMI)
$1,319/mo
Down: $39,000
Loan: $156K
P&I: $986
Tax: $150
Insurance: $183
Income needed (28% rule): $57K/year with 20% down, $66K/year with 10% down.
Rent vs Buy in Augusta
Rent
$1,050/mo
vs
Buy (10% down)
$1,544/mo
Price-to-rent ratio: 15.5 — A ratio between 15-20 means the rent vs buy decision in Augusta 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 Augusta is $195,000, 43% below the Georgia state median of $340,000. With a population of 202,081, Augusta is a mid-size city where home prices tend to be more accessible than in many parts of Georgia.
Property taxes in Georgia average 0.92% annually. This moderate property tax rate means a $195,000 home in Augusta would carry roughly $150/month in property taxes. Homeowners insurance in Georgia runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Augusta is $1,050/month. The price-to-rent ratio in Augusta is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Augusta offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Georgia's Georgia Dream Homeownership program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Augusta.