The typical owner-occupied home in Oconee is worth about $87,500, 71% below the Georgia median of $303,300 and 74% below the national median of $332,700. Owners pay a median $1,047 a year in property taxes, about 1.20% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $59,135 a year, so the median home costs 1.5 times the median income (3.9 times for Georgia). 91% of occupied homes here are lived in by their owners, and 18% of those owners still have a mortgage.
Oconee at a glance
| Oconee | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $87,500 | $303,300 | $332,700 |
| Median property tax paid per year | $1,047 | $2,341 | $3,119 |
| Property tax as a share of value | 1.20% | 0.77% | 0.94% |
| Median household income | $59,135 | $77,353 | $80,734 |
| Homes lived in by their owners | 91% | 66% | 65% |
| Owner homes with a mortgage | 18% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,275 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 20.0% | 21.0% |
| Median rent | – | $1,393 | $1,413 |
| Median year homes were built | 1976 | 1992 | 1980 |
| Vacant homes | 8.1% | 10.3% | 10.1% |
| Population | 315 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Oconee
At this week's average 30-year rate of 7.11%, buying the median Oconee home of $87,500 with 20% down costs about $595 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $741, 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 $25,494 for the 20%-down payment. That payment is 12% of the median Oconee household income of $59,135; at that income and 20% down, the 28% guideline points to a home of about $203,000.
| Down payment | $17,500 |
|---|---|
| Loan amount | $70,000 |
| Principal and interest | $471 |
| Property taxes (1.20% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $595 |
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| Down payment | $3,062 |
|---|---|
| Loan amount | $85,915 |
| Principal and interest | $578 |
| Property taxes (1.20% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $39 |
| Total per month | $741 |
Change the numbers in the calculator
Questions about home buying in Oconee
What is the median home value in Oconee?
About $87,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oconee?
Homeowners pay a median $1,047 a year, which is about 1.20% 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 Oconee?
For the median home with 20% down at 7.11%, the payment is about $595 a month. Keeping that under 28% of gross income takes about $25,494 a year.
More about Oconee
- Mortgage Refinance in Oconee
- Debt Relief in Oconee
- Home Equity Loans in Oconee
- 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