The typical owner-occupied home in Ellijay is worth about $349,100, 15% above the Georgia median of $303,300 and 5% above the national median of $332,700. Owners pay a median $1,159 a year in property taxes, about 0.33% of their home's value, lower than the Georgia rate of 0.77%. The median household earns $48,136 a year, so the median home costs 7.3 times the median income (3.9 times for Georgia). 35% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Ellijay at a glance
| Ellijay | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $349,100 | $303,300 | $332,700 |
| Median property tax paid per year | $1,159 | $2,341 | $3,119 |
| Property tax as a share of value | 0.33% | 0.77% | 0.94% |
| Median household income | $48,136 | $77,353 | $80,734 |
| Homes lived in by their owners | 35% | 66% | 65% |
| Owner homes with a mortgage | 57% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $2,156 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 20.0% | 21.0% |
| Median rent | $791 | $1,393 | $1,413 |
| Rent as a share of renters' income | 31.7% | 31.3% | 30.6% |
| Median year homes were built | 1990 | 1992 | 1980 |
| Vacant homes | 6.7% | 10.3% | 10.1% |
| Population | 1,927 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Ellijay
At this week's average 30-year rate of 7.11%, buying the median Ellijay home of $349,100 with 20% down costs about $2,120 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,702, 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 $90,865 for the 20%-down payment. That payment is 53% of the median Ellijay household income of $48,136; at that income and 20% down, the 28% guideline points to a home of about $185,000.
The median rent here is $791 a month, so owning the median home costs about $1,329 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,820 |
|---|---|
| Loan amount | $279,280 |
| Principal and interest | $1,879 |
| Property taxes (0.33% a year) | $96 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| PMI | $0 |
| Total per month | $2,120 |
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| Down payment | $12,218 |
|---|---|
| Loan amount | $342,777 |
| Principal and interest | $2,306 |
| Property taxes (0.33% a year) | $96 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| FHA mortgage insurance | $154 |
| Total per month | $2,702 |
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Questions about home buying in Ellijay
What is the median home value in Ellijay?
About $349,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ellijay?
Homeowners pay a median $1,159 a year, which is about 0.33% 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 Ellijay?
For the median home with 20% down at 7.11%, the payment is about $2,120 a month. Keeping that under 28% of gross income takes about $90,865 a year.
More about Ellijay
- Mortgage Refinance in Ellijay
- Debt Relief in Ellijay
- Home Equity Loans in Ellijay
- 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