The typical owner-occupied home in Midville is worth about $56,800, 81% below the Georgia median of $303,300 and 83% below the national median of $332,700. Owners pay a median $747 a year in property taxes, about 1.32% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $32,778 a year, so the median home costs 1.7 times the median income (3.9 times for Georgia). 72% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Midville at a glance
| Midville | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $56,800 | $303,300 | $332,700 |
| Median property tax paid per year | $747 | $2,341 | $3,119 |
| Property tax as a share of value | 1.32% | 0.77% | 0.94% |
| Median household income | $32,778 | $77,353 | $80,734 |
| Homes lived in by their owners | 72% | 66% | 65% |
| Owner homes with a mortgage | 29% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,150 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 20.0% | 21.0% |
| Median rent | $362 | $1,393 | $1,413 |
| Rent as a share of renters' income | 33.8% | 31.3% | 30.6% |
| Median year homes were built | 1962 | 1992 | 1980 |
| Vacant homes | 24.5% | 10.3% | 10.1% |
| Population | 378 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Midville
At this week's average 30-year rate of 7.11%, buying the median Midville home of $56,800 with 20% down costs about $392 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $486, 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 $16,793 for the 20%-down payment. That payment is 14% of the median Midville household income of $32,778; at that income and 20% down, the 28% guideline points to a home of about $111,000.
The median rent here is $362 a month, so owning the median home costs about $30 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $11,360 |
|---|---|
| Loan amount | $45,440 |
| Principal and interest | $306 |
| Property taxes (1.32% a year) | $62 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $392 |
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| Down payment | $1,988 |
|---|---|
| Loan amount | $55,771 |
| Principal and interest | $375 |
| Property taxes (1.32% a year) | $62 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $486 |
Change the numbers in the calculator
Questions about home buying in Midville
What is the median home value in Midville?
About $56,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Midville?
Homeowners pay a median $747 a year, which is about 1.32% 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 Midville?
For the median home with 20% down at 7.11%, the payment is about $392 a month. Keeping that under 28% of gross income takes about $16,793 a year.
More about Midville
- Mortgage Refinance in Midville
- Debt Relief in Midville
- Home Equity Loans in Midville
- 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