The typical owner-occupied home in Quitman is worth about $110,700, 64% below the Georgia median of $303,300 and 67% below the national median of $332,700. Owners pay a median $1,055 a year in property taxes, about 0.95% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $19,324 a year, so the median home costs 5.7 times the median income (3.9 times for Georgia). 50% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Quitman at a glance
| Quitman | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $110,700 | $303,300 | $332,700 |
| Median property tax paid per year | $1,055 | $2,341 | $3,119 |
| Property tax as a share of value | 0.95% | 0.77% | 0.94% |
| Median household income | $19,324 | $77,353 | $80,734 |
| Homes lived in by their owners | 50% | 66% | 65% |
| Owner homes with a mortgage | 52% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $892 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 39.6% | 20.0% | 21.0% |
| Median rent | $691 | $1,393 | $1,413 |
| Rent as a share of renters' income | 39.5% | 31.3% | 30.6% |
| Median year homes were built | 1977 | 1992 | 1980 |
| Vacant homes | 21.8% | 10.3% | 10.1% |
| Population | 4,062 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Quitman
At this week's average 30-year rate of 7.11%, buying the median Quitman home of $110,700 with 20% down costs about $730 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $914, 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 $31,265 for the 20%-down payment. That payment is 45% of the median Quitman household income of $19,324; at that income and 20% down, the 28% guideline points to a home of about $68,000.
The median rent here is $691 a month, so owning the median home costs about $39 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,140 |
|---|---|
| Loan amount | $88,560 |
| Principal and interest | $596 |
| Property taxes (0.95% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $730 |
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| Down payment | $3,874 |
|---|---|
| Loan amount | $108,695 |
| Principal and interest | $731 |
| Property taxes (0.95% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $914 |
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Questions about home buying in Quitman
What is the median home value in Quitman?
About $110,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Quitman?
Homeowners pay a median $1,055 a year, which is about 0.95% 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 Quitman?
For the median home with 20% down at 7.11%, the payment is about $730 a month. Keeping that under 28% of gross income takes about $31,265 a year.
More about Quitman
- Mortgage Refinance in Quitman
- Debt Relief in Quitman
- Home Equity Loans in Quitman
- 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