Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Athens-Clarke County unified government (balance) | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $242,391 | $238,631 | $242,182 |
| Price Trend (Annual %) | 9.2% | 9.0% | 8.2% |
| Median Gross Rent | $1,163 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Athens-Clarke County unified government (balance) is about 2% higher than in Georgia. Rent is about 11% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Athens-Clarke County unified government (balance), up about 9.2% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Athens-Clarke County unified government (balance) rose about 47.4% between 2015 and 2023, from $789 to $1,163. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Athens-Clarke County unified government (balance).
Buying the median-priced home in Athens-Clarke County unified government (balance) costs roughly 17.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Athens-Clarke County unified government (balance). The price-to-rent ratio in Georgia is about 15.2.
| Metric | Athens-Clarke County unified government (balance) | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $242,391 | $238,631 | $242,182 |
| Median Household Income | $52,563 | $74,683 | $78,145 |
| Price-to-Income Ratio | 4.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Athens-Clarke County unified government (balance) rose about 86.6%, while median household income rose about 58.6% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Athens-Clarke County unified government (balance) | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.0% | 58.4% | 58.2% |
| Rental Rate | 56.1% | 31.0% | 31.3% |
| Vacancy Rate | 4.9% | 10.6% | 10.6% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Athens-Clarke County unified government (balance) has a homeownership rate of 39.0%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 4.9%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Athens-Clarke County unified government (balance) | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.19 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.9 | 5.5 |
The typical housing unit in Athens-Clarke County unified government (balance) was built around 1986. On average, 2.2 people live in a home with about 5.2 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Athens-Clarke County unified government (balance), Georgia.
What is the median home price in Athens-Clarke County unified government (balance), Georgia?
The median home price in Athens-Clarke County unified government (balance), Georgia is $242,391, higher than the Georgia average of $238,631.
What is the average home price in Athens-Clarke County unified government (balance), Georgia?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Athens-Clarke County unified government (balance), Georgia?
The median gross rent in Athens-Clarke County unified government (balance), Georgia is $1,163 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Athens-Clarke County unified government (balance) in 2020?
In 2020, the median gross rent in Athens-Clarke County unified government (balance), Georgia was $871 per month.
What is the price-to-rent ratio in Athens-Clarke County unified government (balance), Georgia?
The price-to-rent ratio in Athens-Clarke County unified government (balance), Georgia is about 17.4, meaning it would take roughly 17.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Athens-Clarke County unified government (balance).
Are home prices or rent rising faster in Athens-Clarke County unified government (balance), Georgia?
Both home prices and rent are rising in Athens-Clarke County unified government (balance), up about 9.2% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Athens-Clarke County unified government (balance), Georgia?
39.0% of households in Athens-Clarke County unified government (balance), Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Athens-Clarke County unified government (balance), Georgia?
The housing vacancy rate in Athens-Clarke County unified government (balance), Georgia is 4.9%, lower than the Georgia average of 10.6%.