The typical owner-occupied home in Terrell County is worth about $118,400, 61% below the Georgia median of $303,300 and 64% below the national median of $332,700. Owners pay a median $1,227 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 $46,171 a year, so the median home costs 2.6 times the median income (3.9 times for Georgia). 62% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Terrell County at a glance
| Terrell County | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $118,400 | $303,300 | $332,700 |
| Median property tax paid per year | $1,227 | $2,341 | $3,119 |
| Property tax as a share of value | 1.04% | 0.77% | 0.94% |
| Median household income | $46,171 | $77,353 | $80,734 |
| Homes lived in by their owners | 62% | 66% | 65% |
| Owner homes with a mortgage | 39% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,251 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 20.0% | 21.0% |
| Median rent | $745 | $1,393 | $1,413 |
| Rent as a share of renters' income | 32.1% | 31.3% | 30.6% |
| Median year homes were built | 1979 | 1992 | 1980 |
| Vacant homes | 20.4% | 10.3% | 10.1% |
| Population | 8,850 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Terrell County
At this week's average 30-year rate of 7.11%, buying the median Terrell County home of $118,400 with 20% down costs about $789 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $986, 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 $33,820 for the 20%-down payment. That payment is 21% of the median Terrell County household income of $46,171; at that income and 20% down, the 28% guideline points to a home of about $162,000.
The median rent here is $745 a month, so owning the median home costs about $44 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $23,680 |
|---|---|
| Loan amount | $94,720 |
| Principal and interest | $637 |
| Property taxes (1.04% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $789 |
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| Down payment | $4,144 |
|---|---|
| Loan amount | $116,255 |
| Principal and interest | $782 |
| Property taxes (1.04% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $986 |
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Questions about home buying in Terrell County
What is the median home value in Terrell County?
About $118,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Terrell County?
Homeowners pay a median $1,227 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 Terrell County?
For the median home with 20% down at 7.11%, the payment is about $789 a month. Keeping that under 28% of gross income takes about $33,820 a year.
More about Terrell County
- Mortgage Refinance in Terrell County
- Debt Relief in Terrell County
- Home Equity Loans in Terrell County
- 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