The typical owner-occupied home in Georgiana is worth about $69,100, 67% below the Alabama median of $209,900 and 79% below the national median of $332,700. Owners pay a median $244 a year in property taxes, about 0.35% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $24,321 a year, so the median home costs 2.8 times the median income (3.3 times for Alabama). 46% of occupied homes here are lived in by their owners, and 11% of those owners still have a mortgage.
Georgiana at a glance
| Georgiana | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $69,100 | $209,900 | $332,700 |
| Median property tax paid per year | $244 | $788 | $3,119 |
| Property tax as a share of value | 0.35% | 0.38% | 0.94% |
| Median household income | $24,321 | $63,999 | $80,734 |
| Homes lived in by their owners | 46% | 70% | 65% |
| Owner homes with a mortgage | 11% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,083 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 16.5% | 19.0% | 21.0% |
| Median rent | $542 | $1,007 | $1,413 |
| Rent as a share of renters' income | 32.9% | 29.5% | 30.6% |
| Median year homes were built | 1975 | 1986 | 1980 |
| Vacant homes | 24.4% | 14.5% | 10.1% |
| Population | 1,578 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Georgiana
At this week's average 30-year rate of 7.11%, buying the median Georgiana home of $69,100 with 20% down costs about $421 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $536, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $18,035 for the 20%-down payment. That payment is 21% of the median Georgiana household income of $24,321; at that income and 20% down, the 28% guideline points to a home of about $93,000.
The median rent here is $542 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,820 |
|---|---|
| Loan amount | $55,280 |
| Principal and interest | $372 |
| Property taxes (0.35% a year) | $20 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $421 |
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| Down payment | $2,418 |
|---|---|
| Loan amount | $67,848 |
| Principal and interest | $456 |
| Property taxes (0.35% a year) | $20 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $536 |
Change the numbers in the calculator
Questions about home buying in Georgiana
What is the median home value in Georgiana?
About $69,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Georgiana?
Homeowners pay a median $244 a year, which is about 0.35% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Georgiana?
For the median home with 20% down at 7.11%, the payment is about $421 a month. Keeping that under 28% of gross income takes about $18,035 a year.
More about Georgiana
- Mortgage Refinance in Georgiana
- Debt Relief in Georgiana
- Home Equity Loans in Georgiana
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data