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Molena

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

Median Home$240,500
Median Rent$1,311/month
Population385
Leading IndustriesWholesale Trade · Information & Media · Transportation14% wholesale trade
Home Value Growth⬆⬆+11.9% over 2 years
Young Adults23% of residents
Homeowners82% of occupied units
NotableTransit92/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Molena
GA

Frequently Asked Questions

What are today's mortgage rates in Molena?

As of today, the 30-year fixed mortgage rate for Molena is approximately 6.934% (6.971% 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 Molena?

The median home value in Molena is $241k. The median monthly rent is $1,311. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Molena?

Home values in Molena have increased 11.9% 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 Molena?

Based on a typical all-in ownership cost of $1,113/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Molena is $79k/year.

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What industries drive the economy in Molena?

The largest employment sectors in Molena are public administration (18%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.