The typical owner-occupied home in Lumber City is worth about $77,200, 75% below the Georgia median of $303,300 and 77% below the national median of $332,700. Owners pay a median $1,006 a year in property taxes, about 1.30% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $32,841 a year, so the median home costs 2.4 times the median income (3.9 times for Georgia). 56% of occupied homes here are lived in by their owners, and 9% of those owners still have a mortgage.
Lumber City at a glance
| Lumber City | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $77,200 | $303,300 | $332,700 |
| Median property tax paid per year | $1,006 | $2,341 | $3,119 |
| Property tax as a share of value | 1.30% | 0.77% | 0.94% |
| Median household income | $32,841 | $77,353 | $80,734 |
| Homes lived in by their owners | 56% | 66% | 65% |
| Owner homes with a mortgage | 9% | 63% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,783 | $1,963 |
| Median rent | $700 | $1,393 | $1,413 |
| Rent as a share of renters' income | 19.3% | 31.3% | 30.6% |
| Median year homes were built | 1985 | 1992 | 1980 |
| Vacant homes | 32.7% | 10.3% | 10.1% |
| Population | 1,004 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Lumber City
At this week's average 30-year rate of 7.11%, buying the median Lumber City home of $77,200 with 20% down costs about $531 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $660, 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 $22,768 for the 20%-down payment. That payment is 19% of the median Lumber City household income of $32,841; at that income and 20% down, the 28% guideline points to a home of about $111,000.
The median rent here is $700 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,440 |
|---|---|
| Loan amount | $61,760 |
| Principal and interest | $415 |
| Property taxes (1.30% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $531 |
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| Down payment | $2,702 |
|---|---|
| Loan amount | $75,802 |
| Principal and interest | $510 |
| Property taxes (1.30% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $660 |
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Questions about home buying in Lumber City
What is the median home value in Lumber City?
About $77,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lumber City?
Homeowners pay a median $1,006 a year, which is about 1.30% 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 Lumber City?
For the median home with 20% down at 7.11%, the payment is about $531 a month. Keeping that under 28% of gross income takes about $22,768 a year.
More about Lumber City
- Mortgage Refinance in Lumber City
- Debt Relief in Lumber City
- Home Equity Loans in Lumber 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