The typical owner-occupied home in Mountain City is worth about $153,400, 49% below the Georgia median of $303,300 and 54% below the national median of $332,700. The median household earns $46,250 a year, so the median home costs 3.3 times the median income (3.9 times for Georgia). 58% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Mountain City at a glance
| Mountain City | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $153,400 | $303,300 | $332,700 |
| Median property tax paid per year | – | $2,341 | $3,119 |
| Median household income | $46,250 | $77,353 | $80,734 |
| Homes lived in by their owners | 58% | 66% | 65% |
| Owner homes with a mortgage | 38% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,330 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 20.0% | 21.0% |
| Median rent | $1,102 | $1,393 | $1,413 |
| Rent as a share of renters' income | 31.6% | 31.3% | 30.6% |
| Median year homes were built | 1980 | 1992 | 1980 |
| Vacant homes | 23.8% | 10.3% | 10.1% |
| Population | 1,004 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Mountain City
At this week's average 30-year rate of 7.11%, buying the median Mountain City home of $153,400 with 20% down costs about $1,030 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,286, 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 $44,146 for the 20%-down payment. That payment is 27% of the median Mountain City household income of $46,250; at that income and 20% down, the 28% guideline points to a home of about $161,000.
The median rent here is $1,102 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $30,680 |
|---|---|
| Loan amount | $122,720 |
| Principal and interest | $826 |
| Property taxes (1.10% a year) | $141 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| PMI | $0 |
| Total per month | $1,030 |
Change the numbers in the calculator
| Down payment | $5,369 |
|---|---|
| Loan amount | $150,622 |
| Principal and interest | $1,013 |
| Property taxes (1.10% a year) | $141 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| FHA mortgage insurance | $68 |
| Total per month | $1,286 |
Change the numbers in the calculator
Questions about home buying in Mountain City
What is the median home value in Mountain City?
About $153,400 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 Mountain City?
For the median home with 20% down at 7.11%, the payment is about $1,030 a month. Keeping that under 28% of gross income takes about $44,146 a year.
More about Mountain City
- Mortgage Refinance in Mountain City
- Debt Relief in Mountain City
- Home Equity Loans in Mountain City
- 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