The typical owner-occupied home in Montezuma is worth about $107,700, 64% below the Georgia median of $303,300 and 68% below the national median of $332,700. Owners pay a median $1,429 a year in property taxes, about 1.33% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $46,875 a year, so the median home costs 2.3 times the median income (3.9 times for Georgia). 68% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Montezuma at a glance
| Montezuma | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $107,700 | $303,300 | $332,700 |
| Median property tax paid per year | $1,429 | $2,341 | $3,119 |
| Property tax as a share of value | 1.33% | 0.77% | 0.94% |
| Median household income | $46,875 | $77,353 | $80,734 |
| Homes lived in by their owners | 68% | 66% | 65% |
| Owner homes with a mortgage | 43% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,162 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 17.2% | 20.0% | 21.0% |
| Median rent | $673 | $1,393 | $1,413 |
| Rent as a share of renters' income | 24.6% | 31.3% | 30.6% |
| Median year homes were built | 1969 | 1992 | 1980 |
| Vacant homes | 22.5% | 10.3% | 10.1% |
| Population | 2,966 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Montezuma
At this week's average 30-year rate of 7.11%, buying the median Montezuma home of $107,700 with 20% down costs about $744 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $923, 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 $31,879 for the 20%-down payment. That payment is 19% of the median Montezuma household income of $46,875; at that income and 20% down, the 28% guideline points to a home of about $158,000.
The median rent here is $673 a month, so owning the median home costs about $71 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $21,540 |
|---|---|
| Loan amount | $86,160 |
| Principal and interest | $580 |
| Property taxes (1.33% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $744 |
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| Down payment | $3,770 |
|---|---|
| Loan amount | $105,749 |
| Principal and interest | $711 |
| Property taxes (1.33% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $923 |
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Questions about home buying in Montezuma
What is the median home value in Montezuma?
About $107,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Montezuma?
Homeowners pay a median $1,429 a year, which is about 1.33% 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 Montezuma?
For the median home with 20% down at 7.11%, the payment is about $744 a month. Keeping that under 28% of gross income takes about $31,879 a year.
More about Montezuma
- Mortgage Refinance in Montezuma
- Debt Relief in Montezuma
- Home Equity Loans in Montezuma
- 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