The typical owner-occupied home in Siloam is worth about $61,300, 80% below the Georgia median of $303,300 and 82% below the national median of $332,700. The median household earns $24,783 a year, so the median home costs 2.5 times the median income (3.9 times for Georgia). 57% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Siloam at a glance
| Siloam | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $61,300 | $303,300 | $332,700 |
| Median property tax paid per year | – | $2,341 | $3,119 |
| Median household income | $24,783 | $77,353 | $80,734 |
| Homes lived in by their owners | 57% | 66% | 65% |
| Owner homes with a mortgage | 21% | 63% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 20.0% | 21.0% |
| Median rent | – | $1,393 | $1,413 |
| Rent as a share of renters' income | 25.7% | 31.3% | 30.6% |
| Median year homes were built | 1978 | 1992 | 1980 |
| Vacant homes | 8.8% | 10.3% | 10.1% |
| Population | 344 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Siloam
At this week's average 30-year rate of 7.11%, buying the median Siloam home of $61,300 with 20% down costs about $412 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $514, 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 $17,641 for the 20%-down payment. That payment is 20% of the median Siloam household income of $24,783; at that income and 20% down, the 28% guideline points to a home of about $86,000.
| Down payment | $12,260 |
|---|---|
| Loan amount | $49,040 |
| Principal and interest | $330 |
| Property taxes (1.10% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $412 |
Change the numbers in the calculator
| Down payment | $2,146 |
|---|---|
| Loan amount | $60,190 |
| Principal and interest | $405 |
| Property taxes (1.10% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $27 |
| Total per month | $514 |
Change the numbers in the calculator
Questions about home buying in Siloam
What is the median home value in Siloam?
About $61,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Siloam?
For the median home with 20% down at 7.11%, the payment is about $412 a month. Keeping that under 28% of gross income takes about $17,641 a year.
More about Siloam
- Mortgage Refinance in Siloam
- Debt Relief in Siloam
- Home Equity Loans in Siloam
- 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