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Augusta, GA mortgage & affordability calculator

The typical home in Augusta, GA is worth about $240,000. With 20% down that's a loan near $192,000 — the calculator is pre-filled with that figure. The Masters Tournament briefly transforms Augusta's rental market every April, but the rest of the year it's a steady, affordable metro anchored by Fort Eisenhower and a growing cybersecurity-industry cluster. Home prices remain well below Atlanta and most of Georgia's other mid-size cities.

$1,246.58 / month

Total interest
$256,775
Total paid
$448,775
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$48k$96k$144k$192k0612182430Year

How much you need to earn

Augusta, GA's median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $203,048 with 20% down — below the $240,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$202,982 max home price

Max loan amount
$154,982
Housing payment budget
$1,353
P&I budget
$1,006
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Augusta, GA is about $1,350 a month, so owning the median home costs roughly $243 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Augusta, GA?
On the metro's roughly $240,000 typical home with 20% down, the loan is about $192,000. Principal and interest run near $1,247 a month at today's rate, and Augusta, GA's property tax plus insurance add about $347, for a full payment near $1,593.
Can I afford a home in Augusta, GA on the median income?
The median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $203,048 with 20% down — below the $240,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Augusta, GA?
Typical asking rent is about $1,350 a month. The full owner payment on a median home is near $1,593, so owning costs roughly $243 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Augusta, GA?
The effective property tax rate in the core county is about 0.90% of market value — roughly $2,160 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Augusta, GA rising or falling?
Home values are up about 3% over the past year. The Masters Tournament briefly transforms Augusta's rental market every April, but the rest of the year it's a steady, affordable metro anchored by Fort Eisenhower and a growing cybersecurity-industry cluster. Home prices remain well below Atlanta and most of Georgia's other mid-size cities.

Nearby metros

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