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McDonough

Learn about the people, housing, costs and businesses in McDonough, Georgia

Median Home$304,156
Median Rent$1,777/month
Population31,407
Leading IndustriesFinance & Insurance · Information & Media · Professional Services15% finance & insurance
Home Value Growth⬆⬆+19.3% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners62% of occupied units
NotableAmenity Score72/100 · highly walkable area
NotableVeteran Community10% of residents · top 14% nationally
McDonough
GA

Frequently Asked Questions

What are today's mortgage rates in McDonough?

As of today, the 30-year fixed mortgage rate for McDonough is approximately 6.942% (6.980% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in McDonough?

The median home value in McDonough is $304k. The median monthly rent is $1,777. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in McDonough?

Home values in McDonough have increased 19.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in McDonough?

Based on a typical all-in ownership cost of $1,695/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in McDonough is $83k/year.

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What industries drive the economy in McDonough?

The largest employment sectors in McDonough are public administration (21%) and information and media (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.