The typical owner-occupied home in Alpharetta is worth about $649,000, 2.1 times the Georgia median of $303,300 and 95% above the national median of $332,700. Owners pay a median $5,142 a year in property taxes, about 0.79% of their home's value, close to the Georgia rate of 0.77%. The median household earns $147,612 a year, so the median home costs 4.4 times the median income (3.9 times for Georgia). 65% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Alpharetta at a glance
| Alpharetta | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $649,000 | $303,300 | $332,700 |
| Median property tax paid per year | $5,142 | $2,341 | $3,119 |
| Property tax as a share of value | 0.79% | 0.77% | 0.94% |
| Median household income | $147,612 | $77,353 | $80,734 |
| Homes lived in by their owners | 65% | 66% | 65% |
| Owner homes with a mortgage | 72% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $2,950 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 20.0% | 21.0% |
| Median rent | $1,948 | $1,393 | $1,413 |
| Rent as a share of renters' income | 29.0% | 31.3% | 30.6% |
| Median year homes were built | 1996 | 1992 | 1980 |
| Vacant homes | 4.5% | 10.3% | 10.1% |
| Population | 66,855 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Alpharetta
At this week's average 30-year rate of 7.11%, buying the median Alpharetta home of $649,000 with 20% down costs about $4,190 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,272, 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 $179,587 for the 20%-down payment. That payment is 34% of the median Alpharetta household income of $147,612; at that income and 20% down, the 28% guideline points to a home of about $533,000.
The median rent here is $1,948 a month, so owning the median home costs about $2,242 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $129,800 |
|---|---|
| Loan amount | $519,200 |
| Principal and interest | $3,493 |
| Property taxes (0.79% a year) | $427 |
| Homeowners insurance (our estimate, 0.5% a year) | $270 |
| PMI | $0 |
| Total per month | $4,190 |
Change the numbers in the calculator
| Down payment | $22,715 |
|---|---|
| Loan amount | $637,245 |
| Principal and interest | $4,287 |
| Property taxes (0.79% a year) | $427 |
| Homeowners insurance (our estimate, 0.5% a year) | $270 |
| FHA mortgage insurance | $287 |
| Total per month | $5,272 |
Change the numbers in the calculator
Questions about home buying in Alpharetta
What is the median home value in Alpharetta?
About $649,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Alpharetta?
Homeowners pay a median $5,142 a year, which is about 0.79% 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 Alpharetta?
For the median home with 20% down at 7.11%, the payment is about $4,190 a month. Keeping that under 28% of gross income takes about $179,587 a year.
More about Alpharetta
- Mortgage Refinance in Alpharetta
- Debt Relief in Alpharetta
- Home Equity Loans in Alpharetta
- 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