The typical owner-occupied home in Elbert County is worth about $142,000, 53% below the Georgia median of $303,300 and 57% below the national median of $332,700. Owners pay a median $1,298 a year in property taxes, about 0.91% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $58,450 a year, so the median home costs 2.4 times the median income (3.9 times for Georgia). 71% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Elbert County at a glance
| Elbert County | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $142,000 | $303,300 | $332,700 |
| Median property tax paid per year | $1,298 | $2,341 | $3,119 |
| Property tax as a share of value | 0.91% | 0.77% | 0.94% |
| Median household income | $58,450 | $77,353 | $80,734 |
| Homes lived in by their owners | 71% | 66% | 65% |
| Owner homes with a mortgage | 43% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,351 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 20.0% | 21.0% |
| Median rent | $844 | $1,393 | $1,413 |
| Rent as a share of renters' income | 25.8% | 31.3% | 30.6% |
| Median year homes were built | 1979 | 1992 | 1980 |
| Vacant homes | 11.1% | 10.3% | 10.1% |
| Population | 19,849 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Elbert County
At this week's average 30-year rate of 7.11%, buying the median Elbert County home of $142,000 with 20% down costs about $931 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,168, 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 $39,902 for the 20%-down payment. That payment is 19% of the median Elbert County household income of $58,450; at that income and 20% down, the 28% guideline points to a home of about $208,000.
The median rent here is $844 a month, so owning the median home costs about $87 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,400 |
|---|---|
| Loan amount | $113,600 |
| Principal and interest | $764 |
| Property taxes (0.91% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| PMI | $0 |
| Total per month | $931 |
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| Down payment | $4,970 |
|---|---|
| Loan amount | $139,428 |
| Principal and interest | $938 |
| Property taxes (0.91% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| FHA mortgage insurance | $63 |
| Total per month | $1,168 |
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Questions about home buying in Elbert County
What is the median home value in Elbert County?
About $142,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elbert County?
Homeowners pay a median $1,298 a year, which is about 0.91% 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 Elbert County?
For the median home with 20% down at 7.11%, the payment is about $931 a month. Keeping that under 28% of gross income takes about $39,902 a year.
More about Elbert County
- Mortgage Refinance in Elbert County
- Debt Relief in Elbert County
- Home Equity Loans in Elbert County
- 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