The typical owner-occupied home in Riceboro is worth about $87,700, 71% below the Georgia median of $303,300 and 74% below the national median of $332,700. Owners pay a median $394 a year in property taxes, about 0.45% of their home's value, lower than the Georgia rate of 0.77%. The median household earns $35,000 a year, so the median home costs 2.5 times the median income (3.9 times for Georgia). 86% of occupied homes here are lived in by their owners, and 19% of those owners still have a mortgage.
Riceboro at a glance
| Riceboro | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $87,700 | $303,300 | $332,700 |
| Median property tax paid per year | $394 | $2,341 | $3,119 |
| Property tax as a share of value | 0.45% | 0.77% | 0.94% |
| Median household income | $35,000 | $77,353 | $80,734 |
| Homes lived in by their owners | 86% | 66% | 65% |
| Owner homes with a mortgage | 19% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,031 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 16.0% | 20.0% | 21.0% |
| Median rent | $793 | $1,393 | $1,413 |
| Rent as a share of renters' income | 51.0% | 31.3% | 30.6% |
| Median year homes were built | 1987 | 1992 | 1980 |
| Vacant homes | 11.5% | 10.3% | 10.1% |
| Population | 742 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Riceboro
At this week's average 30-year rate of 7.11%, buying the median Riceboro home of $87,700 with 20% down costs about $541 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $688, 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 $23,203 for the 20%-down payment. That payment is 19% of the median Riceboro household income of $35,000; at that income and 20% down, the 28% guideline points to a home of about $132,000.
The median rent here is $793 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,540 |
|---|---|
| Loan amount | $70,160 |
| Principal and interest | $472 |
| Property taxes (0.45% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $541 |
Change the numbers in the calculator
| Down payment | $3,070 |
|---|---|
| Loan amount | $86,112 |
| Principal and interest | $579 |
| Property taxes (0.45% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $39 |
| Total per month | $688 |
Change the numbers in the calculator
Questions about home buying in Riceboro
What is the median home value in Riceboro?
About $87,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Riceboro?
Homeowners pay a median $394 a year, which is about 0.45% 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 Riceboro?
For the median home with 20% down at 7.11%, the payment is about $541 a month. Keeping that under 28% of gross income takes about $23,203 a year.
More about Riceboro
- Mortgage Refinance in Riceboro
- Debt Relief in Riceboro
- Home Equity Loans in Riceboro
- 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