Mortgage payment estimates, closing cost breakdowns, and homebuying data for Newnan, Georgia.
Median Home Price
$345K
Population
44K
Avg Monthly Rent
$1,380
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 Newnan.
Newnan vs Georgia Median
The median home price in Newnan is $345,000, which is roughly in line with the Georgia state median of $340,000.
Mortgage Calculator — Newnan, GA
Pre-filled with Newnan median home price and Georgia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $345K home using Georgia's 0.92% tax rate and $2,200/yr insurance.
5% Down
$2,711/mo
Down: $17,250
Loan: $328K
P&I: $2,072
Tax: $265
Insurance: $183
PMI: $191
10% Down
$2,592/mo
Down: $34,500
Loan: $311K
P&I: $1,963
Tax: $265
Insurance: $183
PMI: $181
20% Down (No PMI)
$2,192/mo
Down: $69,000
Loan: $276K
P&I: $1,745
Tax: $265
Insurance: $183
Income needed (28% rule): $94K/year with 20% down, $111K/year with 10% down.
Rent vs Buy in Newnan
Rent
$1,380/mo
vs
Buy (10% down)
$2,592/mo
Price-to-rent ratio: 20.8 — At a ratio above 20, renting may be more economical in Newnan for shorter stays. Buying costs $1,212 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 Newnan is $345,000, roughly in line with the Georgia state median of $340,000. With a population of 43,512, Newnan 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 $345,000 home in Newnan would carry roughly $265/month in property taxes. Homeowners insurance in Georgia runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Newnan is $1,380/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.
Newnan presents moderate affordability. The $345K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Newnan.