Income needed to buy a home
Elbert County, GA
$61,196
a year in household income to buy the typical Elbert County home with 10% down.
The monthly math
Typical home value$184,154
Down payment (10%)$18,415
Loan$165,739
Principal and interest (7.40%)$1,148/mo
Property tax (0.78% a year)$119/mo
Homeowners insurance (estimate)$92/mo
Mortgage insurance$69/mo
Total monthly cost$1,428/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Right at the edge
The typical household here earns $58,450 a year, 96% of what it takes.
In Georgia
Elbert County ranks #60 of 159 for the income a home takes, from least to most.
Easiest to afford in Georgia
| County | Typical home | Income needed |
|---|---|---|
| Stewart County | $79,638 | $26,914 |
| Calhoun County | $92,690 | $30,739 |
| Twiggs County | $105,851 | $33,554 |
| Randolph County | $99,709 | $33,765 |
| Macon County | $105,727 | $36,373 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.