The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs—while good for sellers—are pricing many buyers out of the market entirely.
But all things are not equal when it comes to real estate in the United States.
Credible used 2021 data calculated by the National Association of REALTORS to compile a list of counties with the lowest median home values and monthly mortgage payments in Georgia. Counties were ranked by the monthly mortgage payment for a typical home in 2020, from lowest to highest. Ties were broken by median home values in 2020.
The National Association of REALTORS calculated the fourth quarter 2020 median home values by applying the Federal Housing Finance Agency's House Price Index growth to 2019 housing and population data from the American Community Survey and determining an estimate of 2020 median home values for all counties where data is available. The monthly mortgage payments for fourth quarter 2019 and fourth quarter 2020 were calculated for a 30-year fixed-rate mortgage with a 10% down payment.
Keep reading to discover which county in Georgia has the lowest home prices.
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#30. Appling County
- Monthly mortgage payment in 2020: $317 (6.5% less than 2019)
- Monthly mortgage payment in 2019: $339
- Median home value in 2020: $85,500
- Ranked #338 out of 3,120 counties nationwide
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#29. Taliaferro County
- Monthly mortgage payment in 2020: $317 (6.0% greater than 2019)
- Monthly mortgage payment in 2019: $299
- Median home value in 2020: $85,500
- Ranked #339 out of 3,120 counties nationwide
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#28. Irwin County
- Monthly mortgage payment in 2020: $315 (4.8% less than 2019)
- Monthly mortgage payment in 2019: $331
- Median home value in 2020: $85,100
- Ranked #325 out of 3,120 counties nationwide
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#27. Jeff Davis County
- Monthly mortgage payment in 2020: $315 (7.6% less than 2019)
- Monthly mortgage payment in 2019: $341
- Median home value in 2020: $85,100
- Ranked #326 out of 3,120 counties nationwide
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#26. Turner County
- Monthly mortgage payment in 2020: $315 (4.5% less than 2019)
- Monthly mortgage payment in 2019: $330
- Median home value in 2020: $84,900
- Ranked #319 out of 3,120 counties nationwide
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#25. Dodge County
- Monthly mortgage payment in 2020: $301 (10.9% less than 2019)
- Monthly mortgage payment in 2019: $338
- Median home value in 2020: $81,300
- Ranked #250 out of 3,120 counties nationwide
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#24. Jenkins County
- Monthly mortgage payment in 2020: $294 (1.0% less than 2019)
- Monthly mortgage payment in 2019: $297
- Median home value in 2020: $79,400
- Ranked #211 out of 3,120 counties nationwide
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#23. Emanuel County
- Monthly mortgage payment in 2020: $288 (13.0% less than 2019)
- Monthly mortgage payment in 2019: $331
- Median home value in 2020: $77,900
- Ranked #186 out of 3,120 counties nationwide
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#22. Brantley County
- Monthly mortgage payment in 2020: $288 (1.0% less than 2019)
- Monthly mortgage payment in 2019: $291
- Median home value in 2020: $77,700
- Ranked #183 out of 3,120 counties nationwide
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#21. Jefferson County
- Monthly mortgage payment in 2020: $286 (13.6% less than 2019)
- Monthly mortgage payment in 2019: $331
- Median home value in 2020: $77,300
- Ranked #177 out of 3,120 counties nationwide
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#20. Chattooga County
- Monthly mortgage payment in 2020: $285 (8.1% less than 2019)
- Monthly mortgage payment in 2019: $310
- Median home value in 2020: $77,000
- Ranked #174 out of 3,120 counties nationwide
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#19. Randolph County
- Monthly mortgage payment in 2020: $284 (17.7% less than 2019)
- Monthly mortgage payment in 2019: $345
- Median home value in 2020: $76,600
- Ranked #170 out of 3,120 counties nationwide
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#18. Clay County
- Monthly mortgage payment in 2020: $282 (4.1% less than 2019)
- Monthly mortgage payment in 2019: $294
- Median home value in 2020: $76,100
- Ranked #160 out of 3,120 counties nationwide
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#17. Chattahoochee County
- Monthly mortgage payment in 2020: $280 (10.3% less than 2019)
- Monthly mortgage payment in 2019: $312
- Median home value in 2020: $75,500
- Ranked #153 out of 3,120 counties nationwide
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#16. Wilkinson County
- Monthly mortgage payment in 2020: $279 (11.1% less than 2019)
- Monthly mortgage payment in 2019: $314
- Median home value in 2020: $75,400
- Ranked #151 out of 3,120 counties nationwide
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#15. Treutlen County
- Monthly mortgage payment in 2020: $274 (13.3% less than 2019)
- Monthly mortgage payment in 2019: $316
- Median home value in 2020: $74,000
- Ranked #139 out of 3,120 counties nationwide
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#14. Warren County
- Monthly mortgage payment in 2020: $261 (4.4% less than 2019)
- Monthly mortgage payment in 2019: $273
- Median home value in 2020: $70,600
- Ranked #101 out of 3,120 counties nationwide
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#13. Webster County
- Monthly mortgage payment in 2020: $259 (4.4% less than 2019)
- Monthly mortgage payment in 2019: $271
- Median home value in 2020: $70,000
- Ranked #97 out of 3,120 counties nationwide
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#12. Telfair County
- Monthly mortgage payment in 2020: $255 (10.5% less than 2019)
- Monthly mortgage payment in 2019: $285
- Median home value in 2020: $68,900
- Ranked #83 out of 3,120 counties nationwide
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#11. Johnson County
- Monthly mortgage payment in 2020: $253 (15.1% less than 2019)
- Monthly mortgage payment in 2019: $298
- Median home value in 2020: $68,300
- Ranked #77 out of 3,120 counties nationwide
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#10. Macon County
- Monthly mortgage payment in 2020: $252 (11.3% less than 2019)
- Monthly mortgage payment in 2019: $284
- Median home value in 2020: $68,000
- Ranked #73 out of 3,120 counties nationwide
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#9. Twiggs County
- Monthly mortgage payment in 2020: $252 (8.4% less than 2019)
- Monthly mortgage payment in 2019: $275
- Median home value in 2020: $68,000
- Ranked #74 out of 3,120 counties nationwide
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#8. Atkinson County
- Monthly mortgage payment in 2020: $247 (7.8% less than 2019)
- Monthly mortgage payment in 2019: $268
- Median home value in 2020: $66,800
- Ranked #65 out of 3,120 counties nationwide
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#7. Wilcox County
- Monthly mortgage payment in 2020: $244 (19.7% less than 2019)
- Monthly mortgage payment in 2019: $304
- Median home value in 2020: $65,900
- Ranked #60 out of 3,120 counties nationwide
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#6. Clinch County
- Monthly mortgage payment in 2020: $241 (5.5% less than 2019)
- Monthly mortgage payment in 2019: $255
- Median home value in 2020: $65,000
- Ranked #56 out of 3,120 counties nationwide
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#5. Quitman County
- Monthly mortgage payment in 2020: $236 (19.7% less than 2019)
- Monthly mortgage payment in 2019: $294
- Median home value in 2020: $63,800
- Ranked #52 out of 3,120 counties nationwide
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#4. Wheeler County
- Monthly mortgage payment in 2020: $232 (17.7% less than 2019)
- Monthly mortgage payment in 2019: $282
- Median home value in 2020: $62,700
- Ranked #48 out of 3,120 counties nationwide
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#3. Echols County
- Monthly mortgage payment in 2020: $229 (9.8% less than 2019)
- Monthly mortgage payment in 2019: $254
- Median home value in 2020: $61,700
- Ranked #43 out of 3,120 counties nationwide
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#2. Calhoun County
- Monthly mortgage payment in 2020: $203 (7.3% less than 2019)
- Monthly mortgage payment in 2019: $219
- Median home value in 2020: $54,900
- Ranked #22 out of 3,120 counties nationwide
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#1. Stewart County
- Monthly mortgage payment in 2020: $194 (14.5% less than 2019)
- Monthly mortgage payment in 2019: $227
- Median home value in 2020: $52,400
- Ranked #15 out of 3,120 counties nationwide
