The typical owner-occupied home in Stone Mountain is worth about $206,400, 32% below the Georgia median of $303,300 and 38% below the national median of $332,700. Owners pay a median $2,352 a year in property taxes, about 1.14% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $46,973 a year, so the median home costs 4.4 times the median income (3.9 times for Georgia). 50% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Stone Mountain at a glance
| Stone Mountain | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $206,400 | $303,300 | $332,700 |
| Median property tax paid per year | $2,352 | $2,341 | $3,119 |
| Property tax as a share of value | 1.14% | 0.77% | 0.94% |
| Median household income | $46,973 | $77,353 | $80,734 |
| Homes lived in by their owners | 50% | 66% | 65% |
| Owner homes with a mortgage | 65% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,420 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 23.4% | 20.0% | 21.0% |
| Median rent | $1,540 | $1,393 | $1,413 |
| Rent as a share of renters' income | 51.0% | 31.3% | 30.6% |
| Median year homes were built | 1979 | 1992 | 1980 |
| Vacant homes | 11.6% | 10.3% | 10.1% |
| Population | 6,623 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Stone Mountain
At this week's average 30-year rate of 7.11%, buying the median Stone Mountain home of $206,400 with 20% down costs about $1,393 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,737, 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 $59,694 for the 20%-down payment. That payment is 36% of the median Stone Mountain household income of $46,973; at that income and 20% down, the 28% guideline points to a home of about $162,000.
The median rent here is $1,540 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $41,280 |
|---|---|
| Loan amount | $165,120 |
| Principal and interest | $1,111 |
| Property taxes (1.14% a year) | $196 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| PMI | $0 |
| Total per month | $1,393 |
Change the numbers in the calculator
| Down payment | $7,224 |
|---|---|
| Loan amount | $202,662 |
| Principal and interest | $1,363 |
| Property taxes (1.14% a year) | $196 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| FHA mortgage insurance | $91 |
| Total per month | $1,737 |
Change the numbers in the calculator
Questions about home buying in Stone Mountain
What is the median home value in Stone Mountain?
About $206,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stone Mountain?
Homeowners pay a median $2,352 a year, which is about 1.14% 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 Stone Mountain?
For the median home with 20% down at 7.11%, the payment is about $1,393 a month. Keeping that under 28% of gross income takes about $59,694 a year.
More about Stone Mountain
- Mortgage Refinance in Stone Mountain
- Debt Relief in Stone Mountain
- Home Equity Loans in Stone Mountain
- 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