The typical owner-occupied home in Tybee Island is worth about $611,200, 2.0 times the Georgia median of $303,300 and 84% above the national median of $332,700. Owners pay a median $4,790 a year in property taxes, about 0.78% of their home's value, close to the Georgia rate of 0.77%. The median household earns $120,479 a year, so the median home costs 5.1 times the median income (3.9 times for Georgia). 89% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Tybee Island at a glance
| Tybee Island | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $611,200 | $303,300 | $332,700 |
| Median property tax paid per year | $4,790 | $2,341 | $3,119 |
| Property tax as a share of value | 0.78% | 0.77% | 0.94% |
| Median household income | $120,479 | $77,353 | $80,734 |
| Homes lived in by their owners | 89% | 66% | 65% |
| Owner homes with a mortgage | 44% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $2,808 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 27.1% | 20.0% | 21.0% |
| Median rent | $1,696 | $1,393 | $1,413 |
| Rent as a share of renters' income | 51.0% | 31.3% | 30.6% |
| Median year homes were built | 1984 | 1992 | 1980 |
| Vacant homes | 54.6% | 10.3% | 10.1% |
| Population | 3,123 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Tybee Island
At this week's average 30-year rate of 7.11%, buying the median Tybee Island home of $611,200 with 20% down costs about $3,941 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,959, 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 $168,909 for the 20%-down payment. That payment is 39% of the median Tybee Island household income of $120,479; at that income and 20% down, the 28% guideline points to a home of about $436,000.
The median rent here is $1,696 a month, so owning the median home costs about $2,245 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $122,240 |
|---|---|
| Loan amount | $488,960 |
| Principal and interest | $3,289 |
| Property taxes (0.78% a year) | $397 |
| Homeowners insurance (our estimate, 0.5% a year) | $255 |
| PMI | $0 |
| Total per month | $3,941 |
Change the numbers in the calculator
| Down payment | $21,392 |
|---|---|
| Loan amount | $600,130 |
| Principal and interest | $4,037 |
| Property taxes (0.78% a year) | $397 |
| Homeowners insurance (our estimate, 0.5% a year) | $255 |
| FHA mortgage insurance | $270 |
| Total per month | $4,959 |
Change the numbers in the calculator
Questions about home buying in Tybee Island
What is the median home value in Tybee Island?
About $611,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Tybee Island?
Homeowners pay a median $4,790 a year, which is about 0.78% 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 Tybee Island?
For the median home with 20% down at 7.11%, the payment is about $3,941 a month. Keeping that under 28% of gross income takes about $168,909 a year.
More about Tybee Island
- Mortgage Refinance in Tybee Island
- Debt Relief in Tybee Island
- Home Equity Loans in Tybee Island
- 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