The typical owner-occupied home in Cumming is worth about $382,900, 26% above the Georgia median of $303,300 and 15% above the national median of $332,700. Owners pay a median $2,426 a year in property taxes, about 0.63% of their home's value, lower than the Georgia rate of 0.77%. The median household earns $85,868 a year, so the median home costs 4.5 times the median income (3.9 times for Georgia). 48% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Cumming at a glance
| Cumming | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $382,900 | $303,300 | $332,700 |
| Median property tax paid per year | $2,426 | $2,341 | $3,119 |
| Property tax as a share of value | 0.63% | 0.77% | 0.94% |
| Median household income | $85,868 | $77,353 | $80,734 |
| Homes lived in by their owners | 48% | 66% | 65% |
| Owner homes with a mortgage | 65% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,999 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 18.0% | 20.0% | 21.0% |
| Median rent | $1,705 | $1,393 | $1,413 |
| Rent as a share of renters' income | 31.7% | 31.3% | 30.6% |
| Median year homes were built | 1998 | 1992 | 1980 |
| Vacant homes | 5.9% | 10.3% | 10.1% |
| Population | 8,469 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Cumming
At this week's average 30-year rate of 7.11%, buying the median Cumming home of $382,900 with 20% down costs about $2,421 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,059, 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 $103,765 for the 20%-down payment. That payment is 34% of the median Cumming household income of $85,868; at that income and 20% down, the 28% guideline points to a home of about $317,000.
The median rent here is $1,705 a month, so owning the median home costs about $716 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $76,580 |
|---|---|
| Loan amount | $306,320 |
| Principal and interest | $2,061 |
| Property taxes (0.63% a year) | $201 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| PMI | $0 |
| Total per month | $2,421 |
Change the numbers in the calculator
| Down payment | $13,402 |
|---|---|
| Loan amount | $375,965 |
| Principal and interest | $2,529 |
| Property taxes (0.63% a year) | $201 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| FHA mortgage insurance | $169 |
| Total per month | $3,059 |
Change the numbers in the calculator
Questions about home buying in Cumming
What is the median home value in Cumming?
About $382,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cumming?
Homeowners pay a median $2,426 a year, which is about 0.63% 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 Cumming?
For the median home with 20% down at 7.11%, the payment is about $2,421 a month. Keeping that under 28% of gross income takes about $103,765 a year.
More about Cumming
- Mortgage Refinance in Cumming
- Debt Relief in Cumming
- Home Equity Loans in Cumming
- 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