The typical owner-occupied home in Redan is worth about $233,900, 23% below the Georgia median of $303,300 and 30% below the national median of $332,700. Owners pay a median $2,078 a year in property taxes, about 0.89% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $65,227 a year, so the median home costs 3.6 times the median income (3.9 times for Georgia). 64% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Redan at a glance
| Redan | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $233,900 | $303,300 | $332,700 |
| Median property tax paid per year | $2,078 | $2,341 | $3,119 |
| Property tax as a share of value | 0.89% | 0.77% | 0.94% |
| Median household income | $65,227 | $77,353 | $80,734 |
| Homes lived in by their owners | 64% | 66% | 65% |
| Owner homes with a mortgage | 71% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,532 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 22.2% | 20.0% | 21.0% |
| Median rent | $1,566 | $1,393 | $1,413 |
| Rent as a share of renters' income | 42.8% | 31.3% | 30.6% |
| Median year homes were built | 1986 | 1992 | 1980 |
| Vacant homes | 10.3% | 10.3% | 10.1% |
| Population | 31,017 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Redan
At this week's average 30-year rate of 7.11%, buying the median Redan home of $233,900 with 20% down costs about $1,530 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,919, 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 $65,559 for the 20%-down payment. That payment is 28% of the median Redan household income of $65,227; at that income and 20% down, the 28% guideline points to a home of about $233,000.
The median rent here is $1,566 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $46,780 |
|---|---|
| Loan amount | $187,120 |
| Principal and interest | $1,259 |
| Property taxes (0.89% a year) | $173 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| PMI | $0 |
| Total per month | $1,530 |
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| Down payment | $8,186 |
|---|---|
| Loan amount | $229,663 |
| Principal and interest | $1,545 |
| Property taxes (0.89% a year) | $173 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| FHA mortgage insurance | $103 |
| Total per month | $1,919 |
Change the numbers in the calculator
Questions about home buying in Redan
What is the median home value in Redan?
About $233,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Redan?
Homeowners pay a median $2,078 a year, which is about 0.89% 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 Redan?
For the median home with 20% down at 7.11%, the payment is about $1,530 a month. Keeping that under 28% of gross income takes about $65,559 a year.
More about Redan
- Mortgage Refinance in Redan
- Debt Relief in Redan
- Home Equity Loans in Redan
- 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