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Rome, GA mortgage & affordability calculator

The typical home in Rome, GA is worth about $220,000. With 20% down that's a loan near $176,000 — the calculator is pre-filled with that figure. Rome grew up around textile and mill industries at the confluence of three rivers, and Floyd County's tax digest still reflects a manufacturing-heavy base rather than the office-park growth seen closer to Atlanta. Home prices remain a fraction of the metro Atlanta commuter counties an hour southeast.

$1,142.70 / month

Total interest
$235,375
Total paid
$411,375
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$44k$88k$132k$176k0612182430Year

How much you need to earn

Rome, GA's median household income is about $52,000 a year. Under standard 28/36 lending rules that supports a home price around $182,490 with 20% down — below the $220,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$182,502 max home price

Max loan amount
$138,502
Housing payment budget
$1,213
P&I budget
$899
Bound by
front-end ratio

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

Typical asking rent in Rome, GA is about $1,150 a month, so owning the median home costs roughly $307 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Rome, GA?
On the metro's roughly $220,000 typical home with 20% down, the loan is about $176,000. Principal and interest run near $1,143 a month at today's rate, and Rome, GA's property tax plus insurance add about $314, for a full payment near $1,457.
Can I afford a home in Rome, GA on the median income?
The median household income is about $52,000 a year. Under standard 28/36 lending rules that supports a home price around $182,490 with 20% down — below the $220,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Rome, GA?
Typical asking rent is about $1,150 a month. The full owner payment on a median home is near $1,457, so owning costs roughly $307 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Rome, GA?
The effective property tax rate in the core county is about 0.85% of market value — roughly $1,870 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Rome, GA rising or falling?
Home values are up about 3% over the past year. Rome grew up around textile and mill industries at the confluence of three rivers, and Floyd County's tax digest still reflects a manufacturing-heavy base rather than the office-park growth seen closer to Atlanta. Home prices remain a fraction of the metro Atlanta commuter counties an hour southeast.

Nearby metros

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