The typical owner-occupied home in Griffin is worth about $220,900, 27% below the Georgia median of $303,300 and 34% below the national median of $332,700. Owners pay a median $2,297 a year in property taxes, about 1.04% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $43,632 a year, so the median home costs 5.1 times the median income (3.9 times for Georgia). 38% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Griffin at a glance
| Griffin | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $220,900 | $303,300 | $332,700 |
| Median property tax paid per year | $2,297 | $2,341 | $3,119 |
| Property tax as a share of value | 1.04% | 0.77% | 0.94% |
| Median household income | $43,632 | $77,353 | $80,734 |
| Homes lived in by their owners | 38% | 66% | 65% |
| Owner homes with a mortgage | 63% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,478 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 20.0% | 21.0% |
| Median rent | $1,110 | $1,393 | $1,413 |
| Rent as a share of renters' income | 37.9% | 31.3% | 30.6% |
| Median year homes were built | 1976 | 1992 | 1980 |
| Vacant homes | 7.5% | 10.3% | 10.1% |
| Population | 23,761 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Griffin
At this week's average 30-year rate of 7.11%, buying the median Griffin home of $220,900 with 20% down costs about $1,472 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,840, 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 $63,099 for the 20%-down payment. That payment is 40% of the median Griffin household income of $43,632; at that income and 20% down, the 28% guideline points to a home of about $153,000.
The median rent here is $1,110 a month, so owning the median home costs about $362 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $44,180 |
|---|---|
| Loan amount | $176,720 |
| Principal and interest | $1,189 |
| Property taxes (1.04% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| PMI | $0 |
| Total per month | $1,472 |
Change the numbers in the calculator
| Down payment | $7,732 |
|---|---|
| Loan amount | $216,899 |
| Principal and interest | $1,459 |
| Property taxes (1.04% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| FHA mortgage insurance | $98 |
| Total per month | $1,840 |
Change the numbers in the calculator
Questions about home buying in Griffin
What is the median home value in Griffin?
About $220,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Griffin?
Homeowners pay a median $2,297 a year, which is about 1.04% 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 Griffin?
For the median home with 20% down at 7.11%, the payment is about $1,472 a month. Keeping that under 28% of gross income takes about $63,099 a year.
More about Griffin
- Mortgage Refinance in Griffin
- Debt Relief in Griffin
- Home Equity Loans in Griffin
- 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