The typical owner-occupied home in Climax is worth about $105,200, 65% below the Georgia median of $303,300 and 68% below the national median of $332,700. Owners pay a median $740 a year in property taxes, about 0.70% of their home's value, lower than the Georgia rate of 0.77%. The median household earns $36,500 a year, so the median home costs 2.9 times the median income (3.9 times for Georgia). 66% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Climax at a glance
| Climax | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $105,200 | $303,300 | $332,700 |
| Median property tax paid per year | $740 | $2,341 | $3,119 |
| Property tax as a share of value | 0.70% | 0.77% | 0.94% |
| Median household income | $36,500 | $77,353 | $80,734 |
| Homes lived in by their owners | 66% | 66% | 65% |
| Owner homes with a mortgage | 29% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,313 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 13.5% | 20.0% | 21.0% |
| Median rent | $698 | $1,393 | $1,413 |
| Rent as a share of renters' income | 22.1% | 31.3% | 30.6% |
| Median year homes were built | 1978 | 1992 | 1980 |
| Vacant homes | 15.1% | 10.3% | 10.1% |
| Population | 170 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Climax
At this week's average 30-year rate of 7.11%, buying the median Climax home of $105,200 with 20% down costs about $671 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $847, 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 $28,772 for the 20%-down payment. That payment is 22% of the median Climax household income of $36,500; at that income and 20% down, the 28% guideline points to a home of about $133,000.
The median rent here is $698 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,040 |
|---|---|
| Loan amount | $84,160 |
| Principal and interest | $566 |
| Property taxes (0.70% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $671 |
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| Down payment | $3,682 |
|---|---|
| Loan amount | $103,295 |
| Principal and interest | $695 |
| Property taxes (0.70% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $847 |
Change the numbers in the calculator
Questions about home buying in Climax
What is the median home value in Climax?
About $105,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Climax?
Homeowners pay a median $740 a year, which is about 0.70% 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 Climax?
For the median home with 20% down at 7.11%, the payment is about $671 a month. Keeping that under 28% of gross income takes about $28,772 a year.
More about Climax
- Mortgage Refinance in Climax
- Debt Relief in Climax
- Home Equity Loans in Climax
- 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