The typical owner-occupied home in Garfield is worth about $91,100, 70% below the Georgia median of $303,300 and 73% below the national median of $332,700. Owners pay a median $942 a year in property taxes, about 1.03% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $63,929 a year, so the median home costs 1.4 times the median income (3.9 times for Georgia). 61% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Garfield at a glance
| Garfield | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $91,100 | $303,300 | $332,700 |
| Median property tax paid per year | $942 | $2,341 | $3,119 |
| Property tax as a share of value | 1.03% | 0.77% | 0.94% |
| Median household income | $63,929 | $77,353 | $80,734 |
| Homes lived in by their owners | 61% | 66% | 65% |
| Owner homes with a mortgage | 43% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,133 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 20.0% | 21.0% |
| Median rent | $550 | $1,393 | $1,413 |
| Rent as a share of renters' income | 32.5% | 31.3% | 30.6% |
| Median year homes were built | 1965 | 1992 | 1980 |
| Vacant homes | 26.3% | 10.3% | 10.1% |
| Population | 270 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Garfield
At this week's average 30-year rate of 7.11%, buying the median Garfield home of $91,100 with 20% down costs about $606 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $758, 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 $25,989 for the 20%-down payment. That payment is 11% of the median Garfield household income of $63,929; at that income and 20% down, the 28% guideline points to a home of about $224,000.
The median rent here is $550 a month, so owning the median home costs about $56 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $18,220 |
|---|---|
| Loan amount | $72,880 |
| Principal and interest | $490 |
| Property taxes (1.03% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $606 |
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| Down payment | $3,188 |
|---|---|
| Loan amount | $89,450 |
| Principal and interest | $602 |
| Property taxes (1.03% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $40 |
| Total per month | $758 |
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Questions about home buying in Garfield
What is the median home value in Garfield?
About $91,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Garfield?
Homeowners pay a median $942 a year, which is about 1.03% 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 Garfield?
For the median home with 20% down at 7.11%, the payment is about $606 a month. Keeping that under 28% of gross income takes about $25,989 a year.
More about Garfield
- Mortgage Refinance in Garfield
- Debt Relief in Garfield
- Home Equity Loans in Garfield
- 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