The typical owner-occupied home in Good Hope is worth about $352,000, 16% above the Georgia median of $303,300 and 6% above the national median of $332,700. Owners pay a median $2,583 a year in property taxes, about 0.73% of their home's value, close to the Georgia rate of 0.77%. The median household earns $95,563 a year, so the median home costs 3.7 times the median income (3.9 times for Georgia). 84% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Good Hope at a glance
| Good Hope | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $352,000 | $303,300 | $332,700 |
| Median property tax paid per year | $2,583 | $2,341 | $3,119 |
| Property tax as a share of value | 0.73% | 0.77% | 0.94% |
| Median household income | $95,563 | $77,353 | $80,734 |
| Homes lived in by their owners | 84% | 66% | 65% |
| Owner homes with a mortgage | 52% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,664 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 20.0% | 21.0% |
| Median rent | – | $1,393 | $1,413 |
| Rent as a share of renters' income | 15.5% | 31.3% | 30.6% |
| Median year homes were built | 2002 | 1992 | 1980 |
| Vacant homes | 8.3% | 10.3% | 10.1% |
| Population | 582 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Good Hope
At this week's average 30-year rate of 7.11%, buying the median Good Hope home of $352,000 with 20% down costs about $2,255 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,842, 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 $96,649 for the 20%-down payment. That payment is 28% of the median Good Hope household income of $95,563; at that income and 20% down, the 28% guideline points to a home of about $348,000.
| Down payment | $70,400 |
|---|---|
| Loan amount | $281,600 |
| Principal and interest | $1,894 |
| Property taxes (0.73% a year) | $214 |
| Homeowners insurance (our estimate, 0.5% a year) | $147 |
| PMI | $0 |
| Total per month | $2,255 |
Change the numbers in the calculator
| Down payment | $12,320 |
|---|---|
| Loan amount | $345,624 |
| Principal and interest | $2,325 |
| Property taxes (0.73% a year) | $214 |
| Homeowners insurance (our estimate, 0.5% a year) | $147 |
| FHA mortgage insurance | $156 |
| Total per month | $2,842 |
Change the numbers in the calculator
Questions about home buying in Good Hope
What is the median home value in Good Hope?
About $352,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Good Hope?
Homeowners pay a median $2,583 a year, which is about 0.73% 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 Good Hope?
For the median home with 20% down at 7.11%, the payment is about $2,255 a month. Keeping that under 28% of gross income takes about $96,649 a year.
More about Good Hope
- Mortgage Refinance in Good Hope
- Debt Relief in Good Hope
- Home Equity Loans in Good Hope
- 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