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Cost of Living & Affordability: Calhoun, GA

Updated 2026 · Based on median market data for Calhoun, GA

Cap Rate
4.86%
Median Price
$275K
Rent/Mo
$1,610
1% Rule
0.59%
Fails

Housing Affordability

Calhoun's price-to-income ratio is 5.6x — homes cost 5.6 times the local median household income of $49,350. Housing is stretched relative to local incomes. Many workers are effectively priced out of buying, creating deep rental demand. This is favorable for landlords but also means your tenants may be more cost-sensitive.

Rent vs Buy Analysis

A typical mortgage payment on a median-priced home in Calhoun (20% down at 7%) is approximately $1,829/mo for principal and interest alone — add taxes and insurance and the all-in payment reaches roughly $2,134. The median rent of $1,610/mo is significantly less than buying — this rent-vs-buy gap is one of the strongest indicators of sustainable rental demand. When renting is cheaper than buying, the renter pool stays deep and vacancy stays low.

Income & Employment

The median household income in Calhoun is $49,350, with a population of 50,000 growing at 0.9% per year. Calhoun is a smaller market. Research the local employment base carefully — smaller cities can be significantly impacted by a single employer's decisions. Moderate population growth indicates a stable economic foundation.

What This Means for Investors

Despite higher relative prices, Calhoun compensates with deep rental demand from a large population priced out of homeownership. Focus on neighborhoods where rent growth is strongest and tenant quality is highest.

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How Calhoun Compares

Calhoun vs Georgia state average and national average across key investment metrics. Calhoun beats the national average but trails the Georgia average on cap rate.

Metric
Calhoun
Georgia Avg
National Avg
Cap Rate
4.86%
4.97%
3.81%
Median Price
$275K
$260K
$333K
Median Rent
$1,610
$1,489
$1,524
Property Tax
0.93%
0.93%
1.08%
Vacancy
6.2%
6.2%
5.6%
Pop. Growth
0.9%/yr
0.9%/yr
0.9%/yr

Nearby South Markets

City
Cap Rate
Price
Rent
Tax
Calhoun, GA
4.9%
$275K
$1,610
0.93%
Tallahassee, FL
4.5%
$275K
$1,490
0.84%
Winston-Salem, NC
4.5%
$275K
$1,490
0.81%
Louisville, KY
4.0%
$275K
$1,360
0.83%
San Antonio, TX
3.1%
$275K
$1,390
1.72%

Frequently Asked Questions

Is Calhoun affordable for renters?
Renters in Calhoun spend approximately 39% of median household income on rent. This exceeds the 30% affordability threshold, meaning housing costs are stretched relative to local incomes. The median household income is $49,350, below the level needed for comfortable renting.
What is the price-to-income ratio in Calhoun?
Calhoun's price-to-income ratio is 5.6x, meaning homes cost 5.6 times the local median income. This is moderate — some residents can buy, many choose to rent.
Is it cheaper to rent or buy in Calhoun?
A mortgage payment (20% down, 7% rate) on the median $275K home is approximately $1,463/mo before taxes and insurance. Adding those costs brings it to roughly $1,768/mo. The median rent of $1,610/mo is less than the cost of buying — this parity means some renters could transition to buying.
How does Calhoun's cost of living compare to the national average?
Home prices in Calhoun ($275K) are 18% below the national average. Rents ($1,610/mo) are 6% above average. Property taxes (0.93%) are below the 1.08% national average.
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Explore Calhoun & Related Markets

More Calhoun Guides

Rental Property Investment GuideRent AnalysisProperty Tax GuideAppreciation & Growth ForecastNeighborhood Investment Guide

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