The typical owner-occupied home in Cornelia is worth about $231,900, 24% below the Georgia median of $303,300 and 30% below the national median of $332,700. Owners pay a median $1,325 a year in property taxes, about 0.57% of their home's value, lower than the Georgia rate of 0.77%. The median household earns $39,775 a year, so the median home costs 5.8 times the median income (3.9 times for Georgia). 56% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Cornelia at a glance
| Cornelia | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $231,900 | $303,300 | $332,700 |
| Median property tax paid per year | $1,325 | $2,341 | $3,119 |
| Property tax as a share of value | 0.57% | 0.77% | 0.94% |
| Median household income | $39,775 | $77,353 | $80,734 |
| Homes lived in by their owners | 56% | 66% | 65% |
| Owner homes with a mortgage | 53% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,464 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 20.0% | 21.0% |
| Median rent | $942 | $1,393 | $1,413 |
| Rent as a share of renters' income | 36.7% | 31.3% | 30.6% |
| Median year homes were built | 1983 | 1992 | 1980 |
| Vacant homes | 8.1% | 10.3% | 10.1% |
| Population | 4,992 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Cornelia
At this week's average 30-year rate of 7.11%, buying the median Cornelia home of $231,900 with 20% down costs about $1,455 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,841, 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 $62,348 for the 20%-down payment. That payment is 44% of the median Cornelia household income of $39,775; at that income and 20% down, the 28% guideline points to a home of about $148,000.
The median rent here is $942 a month, so owning the median home costs about $513 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $46,380 |
|---|---|
| Loan amount | $185,520 |
| Principal and interest | $1,248 |
| Property taxes (0.57% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| PMI | $0 |
| Total per month | $1,455 |
Change the numbers in the calculator
| Down payment | $8,116 |
|---|---|
| Loan amount | $227,700 |
| Principal and interest | $1,532 |
| Property taxes (0.57% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| FHA mortgage insurance | $103 |
| Total per month | $1,841 |
Change the numbers in the calculator
Questions about home buying in Cornelia
What is the median home value in Cornelia?
About $231,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cornelia?
Homeowners pay a median $1,325 a year, which is about 0.57% 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 Cornelia?
For the median home with 20% down at 7.11%, the payment is about $1,455 a month. Keeping that under 28% of gross income takes about $62,348 a year.
More about Cornelia
- Mortgage Refinance in Cornelia
- Debt Relief in Cornelia
- Home Equity Loans in Cornelia
- 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