What is the average monthly mortgage payment in Georgia?

Georgia is a historically rich state and home to more than 11 million Americans. Its natural beauty, from the Blue Ridge Mountains to the Atlantic coast, makes it attractive for aspiring home buyers, and the overall cost of living is lower than in nearby states such as Louisiana and Florida.

The average monthly mortgage payment in Georgia for 2025 is $2,044, based on Rocket Mortgage® data for the region, which uses the average home purchase price for a fixed 30-year loan at an interest rate of 6.68%.

Mortgage costs vary depending on where you live in Georgia, so if you’re thinking of buying a home in the Peach State, it helps to understand the factors affecting your monthly mortgage payment.

How do mortgage payments in Georgia compare to other states?

Compared to other states, Georgia’s home affordability is relatively high. Again, the average monthly mortgage payment in Georgia for 2025 is $2,044, according to Rocket Mortgage data. That’s lower than the national average of $2,329, which is 14% more than the Georgia average. Again, these averages are based on the average home purchase price in a region for a fixed 30-year loan at an interest rate of 6.68%.

The average monthly mortgage payment in Georgia ranks 27^th among all states and the District of Columbia.

Overview of the Georgia housing market

Home prices in Georgia are below the national average but have been increasing in recent years. The median listing price in Georgia was $379,900 in January 2023, rising to $399,250 in July 2025. That’s an increase of 5%.

The average mortgage payment also has been increasing. The average was $1,599 in 2023 and $1,691 in 2024. That’s an increase of 28% from 2023.

Georgia’s housing costs index for 2024 is the 12^th lowest, according to World Population Review’s cost of living index.

Georgia mortgage payments by county

This is the average mortgage payment for the top ten most populous counties in Georgia in 2025.

What affects mortgage payments in Georgia?

As with other states around the nation, mortgage payments on a home in Georgia are determined by factors including how much you borrow, the interest rate, the annual percentage rate (APR), property taxes, homeowners insurance, and, if applicable, homeowners association fees and private mortgage insurance.

1. Home prices

Home prices are below average in Georgia, but have been increasing in recent years. The median listing price in Georgia is lower than the national median home sales price, which was $410,800 for the second quarter of 2025.

2. Interest rates

The average interest rate for a 30-year fixed-rate mortgage in Georgia is 6.29%, as of Sept. 10, 2025. Rocket Mortgage rates as of the same date are 6.625 with an APR of 6.906%

Your mortgage rate will depend on factors such as your loan type, market conditions, credit score, and debt-to-income ratio. It’s best to have all these factors in as good a shape as possible when applying for a loan, since even a small difference in your interest rate can have a large effect on your monthly payment and how much interest you pay over the life of your loan.

3. Taxes and insurance

Property taxes in Georgia tend to be lower than the national average. Georgia has an average effective tax rate of 0.77%, as of the last comparison data reported. To put that in perspective, Illinois has the nation’s highest rate at 1.83% and Hawaii has the lowest at 0.32%.

Homeowners insurance costs in Georgia are, on average, lower than the national average. Georgia’s average homeowners insurance is $2,004 per year, compared with the national average of $2,423.

4. Regional differences

It’s important to understand that mortgage payments can differ between regions due to a number of factors. For instance, in metro areas like Atlanta or Savannah, higher average home prices lead to higher mortgage payments. The opposite is often true in rural counties, where home prices and taxes tend to be lower.

Here are the average mortgage payments in the five counties with the smaller population in Georgia.

Tips for managing mortgage costs in Georgia

Here are some practical tips for keeping your monthly mortgage payment manageable in the state of Georgia.

Explore different loan types

Conventional and government-backed loans have different requirements.

Borrowers with a lower credit score may find it easier to qualify for a Federal Housing Administration loan.

Military personnel and veterans can get a Veterans Affairs loan with no down payment.

Conventional loans are often less expensive than government-backed loans, but require a credit score of at least 620. You also must pay PMI if your down payment is less than 20% of the purchase price.

Shop around

You’ll want to compare offers from at least three lenders to find the mortgage that fits you best.

You’ll want to look for the best interest rate and terms. Comparing APRs will help you find the best overall deal and choose a mortgage lender.

Getting mortgage preapproval through Rocket Mortgage, based on your specific situation, can help you estimate your monthly payment. It can also give you leverage when making an offer on a home since the seller will know you are qualified and serious.

Budget for total housing costs

In addition to principal and interest, you also need to pay property taxes, homeowners insurance premiums, utility bills, and possibly PMI and HOA fees.

Rocket Mortgage’s tools and calculators make it easy to calculate these and other Georgia home buying costs so you can shop for homes with confidence.

Georgia-specific mortgage resources for home buyers

If you’re a first-time buyer or a buyer with a lower income, Georgia has mortgage assistance programs that can help you afford a home.

These include:

• Georgia Dream Homeownership Program
• Homeowner Assistance Fund
• Fulton Homeownership Program
• Atlanta Down Payment Assistance
• DreamMaker Home Purchase Assistance for Savannah

These are mainly for low-income and first-time home buyers, and offer anywhere from $10,000 to $50,000 in assistance, along with other benefits.

For instance, the Georgia Dream Homeownership Program is for first-time buyers, public service workers, military personnel, and those with a family member with disabilities. It offers down payment and closing cost assistance.

FAQ

Here are answers to common questions about the average mortgage payment in the state of Georgia.

How much do you need to make to afford a home in Georgia?

Based on Georgia’s average monthly mortgage payment of $2,044, and using most experts’ advice of not spending more than 28% on housing costs, you would need an annual gross income of about $87,600. However, there are many variables, such as debts, your credit score, the down payment, and more. Try the Rocket Mortgage affordability calculator to estimate what you can afford.

Do mortgage payments differ by county in Georgia?

Yes. This is because there are several factors that contribute to a monthly mortgage payment, including the loan amount, interest rate, property taxes, and other associated costs. These can vary by country. For instance, the average mortgage payment in Cobb County is $2,405, while the average mortgage payment in Webster County is $1,208.

The bottom line: Georgia is a relatively affordable state when it comes to mortgages

Overall, Georgia remains an affordable state in which to buy a home. However, mortgage payments can vary significantly from person to person, depending on several factors, including location, buyer profile, and loan terms. This is why planning ahead and understanding local markets is so critical. It can make the process smoother and improve your outcome.

To help ensure your homebuying journey is the best it can be, Rocket Mortgage has developed state-of-the-art tools and support to help you make confident financial decisions. Visit Rocket Mortgage today to calculate your mortgage costs and explore all your options.