The typical owner-occupied home in Lumpkin is worth about $92,700, 69% below the Georgia median of $303,300 and 72% below the national median of $332,700. Owners pay a median $1,341 a year in property taxes, about 1.45% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $47,500 a year, so the median home costs 2.0 times the median income (3.9 times for Georgia). 62% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Lumpkin at a glance
| Lumpkin | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $92,700 | $303,300 | $332,700 |
| Median property tax paid per year | $1,341 | $2,341 | $3,119 |
| Property tax as a share of value | 1.45% | 0.77% | 0.94% |
| Median household income | $47,500 | $77,353 | $80,734 |
| Homes lived in by their owners | 62% | 66% | 65% |
| Owner homes with a mortgage | 50% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 20.0% | 21.0% |
| Median rent | – | $1,393 | $1,413 |
| Rent as a share of renters' income | 21.0% | 31.3% | 30.6% |
| Median year homes were built | 1974 | 1992 | 1980 |
| Vacant homes | 27.1% | 10.3% | 10.1% |
| Population | 1,000 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Lumpkin
At this week's average 30-year rate of 7.11%, buying the median Lumpkin home of $92,700 with 20% down costs about $650 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $804, 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 $27,837 for the 20%-down payment. That payment is 16% of the median Lumpkin household income of $47,500; at that income and 20% down, the 28% guideline points to a home of about $158,000.
| Down payment | $18,540 |
|---|---|
| Loan amount | $74,160 |
| Principal and interest | $499 |
| Property taxes (1.45% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $650 |
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| Down payment | $3,244 |
|---|---|
| Loan amount | $91,021 |
| Principal and interest | $612 |
| Property taxes (1.45% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $804 |
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Questions about home buying in Lumpkin
What is the median home value in Lumpkin?
About $92,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lumpkin?
Homeowners pay a median $1,341 a year, which is about 1.45% 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 Lumpkin?
For the median home with 20% down at 7.11%, the payment is about $650 a month. Keeping that under 28% of gross income takes about $27,837 a year.
More about Lumpkin
- Mortgage Refinance in Lumpkin
- Debt Relief in Lumpkin
- Home Equity Loans in Lumpkin
- 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