The typical owner-occupied home in Grady County is worth about $152,400, 50% below the Georgia median of $303,300 and 54% below the national median of $332,700. Owners pay a median $1,386 a year in property taxes, about 0.91% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $58,980 a year, so the median home costs 2.6 times the median income (3.9 times for Georgia). 66% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Grady County at a glance
| Grady County | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $152,400 | $303,300 | $332,700 |
| Median property tax paid per year | $1,386 | $2,341 | $3,119 |
| Property tax as a share of value | 0.91% | 0.77% | 0.94% |
| Median household income | $58,980 | $77,353 | $80,734 |
| Homes lived in by their owners | 66% | 66% | 65% |
| Owner homes with a mortgage | 49% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,351 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 20.0% | 21.0% |
| Median rent | $779 | $1,393 | $1,413 |
| Rent as a share of renters' income | 25.5% | 31.3% | 30.6% |
| Median year homes were built | 1991 | 1992 | 1980 |
| Vacant homes | 13.2% | 10.3% | 10.1% |
| Population | 26,108 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Grady County
At this week's average 30-year rate of 7.11%, buying the median Grady County home of $152,400 with 20% down costs about $999 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,253, 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 $42,824 for the 20%-down payment. That payment is 20% of the median Grady County household income of $58,980; at that income and 20% down, the 28% guideline points to a home of about $210,000.
The median rent here is $779 a month, so owning the median home costs about $220 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,480 |
|---|---|
| Loan amount | $121,920 |
| Principal and interest | $820 |
| Property taxes (0.91% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| PMI | $0 |
| Total per month | $999 |
Change the numbers in the calculator
| Down payment | $5,334 |
|---|---|
| Loan amount | $149,640 |
| Principal and interest | $1,007 |
| Property taxes (0.91% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| FHA mortgage insurance | $67 |
| Total per month | $1,253 |
Change the numbers in the calculator
Questions about home buying in Grady County
What is the median home value in Grady County?
About $152,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grady County?
Homeowners pay a median $1,386 a year, which is about 0.91% 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 Grady County?
For the median home with 20% down at 7.11%, the payment is about $999 a month. Keeping that under 28% of gross income takes about $42,824 a year.
More about Grady County
- Mortgage Refinance in Grady County
- Debt Relief in Grady County
- Home Equity Loans in Grady County
- 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