The typical owner-occupied home in Experiment is worth about $137,500, 55% below the Georgia median of $303,300 and 59% below the national median of $332,700. Owners pay a median $1,374 a year in property taxes, about 1.00% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $33,333 a year, so the median home costs 4.1 times the median income (3.9 times for Georgia). 37% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Experiment at a glance
| Experiment | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $137,500 | $303,300 | $332,700 |
| Median property tax paid per year | $1,374 | $2,341 | $3,119 |
| Property tax as a share of value | 1.00% | 0.77% | 0.94% |
| Median household income | $33,333 | $77,353 | $80,734 |
| Homes lived in by their owners | 37% | 66% | 65% |
| Owner homes with a mortgage | 66% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,456 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 27.8% | 20.0% | 21.0% |
| Median rent | $935 | $1,393 | $1,413 |
| Rent as a share of renters' income | 30.8% | 31.3% | 30.6% |
| Median year homes were built | 1968 | 1992 | 1980 |
| Vacant homes | 6.5% | 10.3% | 10.1% |
| Population | 3,387 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Experiment
At this week's average 30-year rate of 7.11%, buying the median Experiment home of $137,500 with 20% down costs about $912 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,141, 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 $39,080 for the 20%-down payment. That payment is 33% of the median Experiment household income of $33,333; at that income and 20% down, the 28% guideline points to a home of about $117,000.
The median rent here is $935 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $27,500 |
|---|---|
| Loan amount | $110,000 |
| Principal and interest | $740 |
| Property taxes (1.00% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| PMI | $0 |
| Total per month | $912 |
Change the numbers in the calculator
| Down payment | $4,812 |
|---|---|
| Loan amount | $135,010 |
| Principal and interest | $908 |
| Property taxes (1.00% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| FHA mortgage insurance | $61 |
| Total per month | $1,141 |
Change the numbers in the calculator
Questions about home buying in Experiment
What is the median home value in Experiment?
About $137,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Experiment?
Homeowners pay a median $1,374 a year, which is about 1.00% 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 Experiment?
For the median home with 20% down at 7.11%, the payment is about $912 a month. Keeping that under 28% of gross income takes about $39,080 a year.
More about Experiment
- Mortgage Refinance in Experiment
- Debt Relief in Experiment
- Home Equity Loans in Experiment
- 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