Mortgage Calculator & Closing Costs: Statesboro, GA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Statesboro, Georgia.
Median Home Price
$205K
Population
34K
Avg Monthly Rent
$980
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 Statesboro.
Statesboro vs Georgia Median
The median home price in Statesboro is $205,000, which is 40% below the Georgia state median of $340,000.
Mortgage Calculator — Statesboro, GA
Pre-filled with Statesboro median home price and Georgia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $205K home using Georgia's 0.92% tax rate and $2,200/yr insurance.
5% Down
$1,685/mo
Down: $10,250
Loan: $195K
P&I: $1,231
Tax: $157
Insurance: $183
PMI: $114
10% Down
$1,614/mo
Down: $20,500
Loan: $185K
P&I: $1,166
Tax: $157
Insurance: $183
PMI: $108
20% Down (No PMI)
$1,377/mo
Down: $41,000
Loan: $164K
P&I: $1,037
Tax: $157
Insurance: $183
Income needed (28% rule): $59K/year with 20% down, $69K/year with 10% down.
Rent vs Buy in Statesboro
Rent
$980/mo
vs
Buy (10% down)
$1,614/mo
Price-to-rent ratio: 17.4 — A ratio between 15-20 means the rent vs buy decision in Statesboro 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 Statesboro is $205,000, 40% below the Georgia state median of $340,000. With a population of 33,670, Statesboro is a smaller market 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 $205,000 home in Statesboro would carry roughly $157/month in property taxes. Homeowners insurance in Georgia runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Statesboro is $980/month. The price-to-rent ratio in Statesboro is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Statesboro 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 Statesboro.