The Redmond Mortgage Team, The Redmond Mortgage Team at Redmond Mortgage
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One of the most important financial decisions you will make while living in Central Georgia is whether to continue renting or take the step into homeownership. Macon, Warner Robins, Perry, and the surrounding communities offer some of the most affordable housing in the state — and in many cases, the math strongly favors buying. But the right answer depends on your personal finances, your plans for the next few years, and your lifestyle preferences. Here is how to think through the decision.
Central Georgia has long been known for affordable real estate compared to Atlanta, Savannah, and other major Georgia metros. Median home prices in Bibb and Houston counties remain well within reach for working families, and mortgage rates — even after recent increases — have made the monthly cost of owning competitive with renting in many neighborhoods. When you buy, a portion of every mortgage payment builds equity in your home. When you rent, 100% of your monthly payment goes to your landlord.
Let's look at a simple example. A $275,000 home in Warner Robins with a 6.5% 30-year fixed mortgage and a 5% down payment results in a principal and interest payment of roughly $1,650 per month. Add taxes, insurance, and mortgage insurance, and your total monthly housing cost might land around $2,100. Compare that to renting a comparable home in the same area for $1,900 to $2,300 per month. Over five years, the homeowner builds meaningful equity while the renter builds none. In a market with steady appreciation, the financial advantage of owning grows even larger.
Buying is not the right choice for everyone, and there are legitimate reasons to rent in Central Georgia:
Before you buy, make sure you are budgeting for more than just principal, interest, taxes, and insurance. Homeowners in Georgia should plan for maintenance and repairs, which typically run 1% to 3% of the home's value per year. On a $250,000 home, that is $2,500 to $7,500 annually for HVAC service, roof upkeep, lawn care, plumbing fixes, and unexpected emergencies. Homeowners association (HOA) fees are also common in newer Central Georgia subdivisions and can add $50 to $300 per month.
Equity is the most compelling long-term case for homeownership. Every month, a portion of your mortgage payment reduces your loan balance. As Central Georgia home values appreciate — a trend that has been consistent in Houston County and Bibb County over the past decade — your equity grows from two directions: debt paydown and market appreciation. In five years, a Warner Robins homeowner could easily build $50,000 to $80,000 in equity, depending on the home price, down payment, and appreciation rate. That equity becomes a powerful financial tool you can use for renovations, college tuition, or a down payment on your next home.
Renting offers flexibility that homeownership cannot match. Lease terms are typically one year, and in some cases month-to-month. If you get a job offer in another city, want to upgrade to a larger space, or need to downsize, renting allows you to move with minimal friction. Selling a home, by contrast, takes time, money, and market cooperation. The transaction costs of selling — agent commissions, closing costs, and potential repairs — can easily run 8% to 10% of the sale price.
If you plan to stay in Central Georgia for at least three to five years, have stable income, and can qualify for a mortgage with a monthly payment comparable to your rent, buying is likely the better financial decision. You will build equity, enjoy potential tax benefits, and lock in a major portion of your housing costs against inflation. If your situation is more uncertain or your finances need strengthening, renting for another year while you save and prepare is a perfectly valid strategy.
The best way to know for sure is to run the numbers. Get pre-approved to see exactly what your monthly payment would be, compare that to your current rent, and factor in maintenance, taxes, insurance, and opportunity costs. At Redmond Mortgage, we help buyers across Macon, Warner Robins, and Perry do this math every day — with no pressure, just honest answers.
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Not sure if buying or renting is better for your situation? We will help you compare the real costs — no pressure, just honest math.
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