The typical owner-occupied home in Powder Springs is worth about $332,900, 10% above the Georgia median of $303,300 and about the same as the national median of $332,700. Owners pay a median $2,462 a year in property taxes, about 0.74% of their home's value, close to the Georgia rate of 0.77%. The median household earns $105,070 a year, so the median home costs 3.2 times the median income (3.9 times for Georgia). 82% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
Powder Springs at a glance
| Powder Springs | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $332,900 | $303,300 | $332,700 |
| Median property tax paid per year | $2,462 | $2,341 | $3,119 |
| Property tax as a share of value | 0.74% | 0.77% | 0.94% |
| Median household income | $105,070 | $77,353 | $80,734 |
| Homes lived in by their owners | 82% | 66% | 65% |
| Owner homes with a mortgage | 79% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,722 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 20.0% | 21.0% |
| Median rent | $1,583 | $1,393 | $1,413 |
| Rent as a share of renters' income | 33.8% | 31.3% | 30.6% |
| Median year homes were built | 1996 | 1992 | 1980 |
| Vacant homes | 6.8% | 10.3% | 10.1% |
| Population | 18,009 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Powder Springs
At this week's average 30-year rate of 7.11%, buying the median Powder Springs home of $332,900 with 20% down costs about $2,136 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,690, 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 $91,524 for the 20%-down payment. That payment is 24% of the median Powder Springs household income of $105,070; at that income and 20% down, the 28% guideline points to a home of about $382,000.
The median rent here is $1,583 a month, so owning the median home costs about $553 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $66,580 |
|---|---|
| Loan amount | $266,320 |
| Principal and interest | $1,792 |
| Property taxes (0.74% a year) | $205 |
| Homeowners insurance (our estimate, 0.5% a year) | $139 |
| PMI | $0 |
| Total per month | $2,136 |
Change the numbers in the calculator
| Down payment | $11,652 |
|---|---|
| Loan amount | $326,870 |
| Principal and interest | $2,199 |
| Property taxes (0.74% a year) | $205 |
| Homeowners insurance (our estimate, 0.5% a year) | $139 |
| FHA mortgage insurance | $147 |
| Total per month | $2,690 |
Change the numbers in the calculator
Questions about home buying in Powder Springs
What is the median home value in Powder Springs?
About $332,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Powder Springs?
Homeowners pay a median $2,462 a year, which is about 0.74% 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 Powder Springs?
For the median home with 20% down at 7.11%, the payment is about $2,136 a month. Keeping that under 28% of gross income takes about $91,524 a year.
More about Powder Springs
- Mortgage Refinance in Powder Springs
- Debt Relief in Powder Springs
- Home Equity Loans in Powder Springs
- 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