Home Affordability in Macon, GA
The median home price in Macon is $130,000 with a median household income of $33,058. Housing is moderately affordable relative to local incomes.
Median Home Price
$130,000
Median Income
$33,058
Price-to-Income Ratio
3.9x
Est. Affordable Home
$129,000
Property Tax Rate
1.02%
Annual Property Tax
$1,326
Sales Tax Rate
8.00%
Cost of Living Index
78
Buying a Home in Macon
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $33,058 in Macon can afford a monthly housing payment of approximately $771. This translates to a home price of roughly $129,000, which is below the median home price of $130,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Macon would be approximately $1,326 per year ($111/month) at the effective rate of 1.02%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $3,900 | $126,100 | Yes |
| 5% | $6,500 | $123,500 | Yes |
| 10% | $13,000 | $117,000 | Yes |
| 20% | $26,000 | $104,000 | No |
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