Mortgage payment estimates, closing cost breakdowns, and homebuying data for Macon, Georgia.
Median Home Price
$165K
Population
157K
Avg Monthly Rent
$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 Macon.
Macon vs Georgia Median
The median home price in Macon is $165,000, which is 51% below the Georgia state median of $340,000.
Mortgage Calculator — Macon, GA
Pre-filled with Macon median home price and Georgia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $165K home using Georgia's 0.92% tax rate and $2,200/yr insurance.
5% Down
$1,392/mo
Down: $8,250
Loan: $157K
P&I: $991
Tax: $127
Insurance: $183
PMI: $91
10% Down
$1,335/mo
Down: $16,500
Loan: $149K
P&I: $939
Tax: $127
Insurance: $183
PMI: $87
20% Down (No PMI)
$1,144/mo
Down: $33,000
Loan: $132K
P&I: $834
Tax: $127
Insurance: $183
Income needed (28% rule): $49K/year with 20% down, $57K/year with 10% down.
Rent vs Buy in Macon
Rent
$950/mo
vs
Buy (10% down)
$1,335/mo
Price-to-rent ratio: 14.5 — With a ratio under 15, buying in Macon is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $385 more than renting, but you build equity with every payment.
The median home price in Macon is $165,000, 51% below the Georgia state median of $340,000. With a population of 157,346, Macon 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 $165,000 home in Macon would carry roughly $127/month in property taxes. Homeowners insurance in Georgia runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Macon is $950/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Macon over the long term.
Macon 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 Macon.