The typical owner-occupied home in Tallapoosa is worth about $185,100, 39% below the Georgia median of $303,300 and 44% below the national median of $332,700. Owners pay a median $1,424 a year in property taxes, about 0.77% of their home's value, close to the Georgia rate of 0.77%. The median household earns $62,599 a year, so the median home costs 3.0 times the median income (3.9 times for Georgia). 55% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Tallapoosa at a glance
| Tallapoosa | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $185,100 | $303,300 | $332,700 |
| Median property tax paid per year | $1,424 | $2,341 | $3,119 |
| Property tax as a share of value | 0.77% | 0.77% | 0.94% |
| Median household income | $62,599 | $77,353 | $80,734 |
| Homes lived in by their owners | 55% | 66% | 65% |
| Owner homes with a mortgage | 51% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,254 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 20.0% | 21.0% |
| Median rent | $676 | $1,393 | $1,413 |
| Rent as a share of renters' income | 26.8% | 31.3% | 30.6% |
| Median year homes were built | 1978 | 1992 | 1980 |
| Vacant homes | 7.6% | 10.3% | 10.1% |
| Population | 3,227 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Tallapoosa
At this week's average 30-year rate of 7.11%, buying the median Tallapoosa home of $185,100 with 20% down costs about $1,192 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,500, 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 $51,087 for the 20%-down payment. That payment is 23% of the median Tallapoosa household income of $62,599; at that income and 20% down, the 28% guideline points to a home of about $227,000.
The median rent here is $676 a month, so owning the median home costs about $516 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $37,020 |
|---|---|
| Loan amount | $148,080 |
| Principal and interest | $996 |
| Property taxes (0.77% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| PMI | $0 |
| Total per month | $1,192 |
Change the numbers in the calculator
| Down payment | $6,478 |
|---|---|
| Loan amount | $181,747 |
| Principal and interest | $1,223 |
| Property taxes (0.77% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| FHA mortgage insurance | $82 |
| Total per month | $1,500 |
Change the numbers in the calculator
Questions about home buying in Tallapoosa
What is the median home value in Tallapoosa?
About $185,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Tallapoosa?
Homeowners pay a median $1,424 a year, which is about 0.77% 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 Tallapoosa?
For the median home with 20% down at 7.11%, the payment is about $1,192 a month. Keeping that under 28% of gross income takes about $51,087 a year.
More about Tallapoosa
- Mortgage Refinance in Tallapoosa
- Debt Relief in Tallapoosa
- Home Equity Loans in Tallapoosa
- 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