Augusta-Richmond County consolidated government (balance), Georgia Housing Market Prices
Augusta-Richmond County consolidated government (balance) Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 45% below the Georgia median$142,052
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Median rent 18% below the Georgia median$1,141
Housing Market Overview
| Metric | Augusta-Richmond County consolidated government (balance) | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,052 | $256,986 | $248,835 |
| Price Trend (Annual %) | 5.3% | 8.9% | 7.5% |
| Median Gross Rent | $1,141 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Augusta-Richmond County consolidated government (balance) is about 45% lower than in Georgia. Rent is about 18% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Augusta-Richmond County consolidated government (balance), up about 5.3% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Augusta-Richmond County consolidated government (balance) rose about 44.9% between 2015 and 2024, from $788 to $1,141. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Augusta-Richmond County consolidated government (balance).
Buying the median-priced home in Augusta-Richmond County consolidated government (balance) costs roughly 10.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Augusta-Richmond County consolidated government (balance). The price-to-rent ratio in Georgia is about 15.4.
| Metric | Augusta-Richmond County consolidated government (balance) | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,052 | $256,986 | $248,835 |
| Median Household Income | $55,925 | $77,523 | $80,455 |
| Price-to-Income Ratio | 2.5 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Augusta-Richmond County consolidated government (balance) rose about 48.7%, while median household income rose about 44.2% between 2009 and 2025 — 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 | Augusta-Richmond County consolidated government (balance) | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.9% | 58.9% | 58.5% |
| Rental Rate | 40.4% | 30.8% | 31.2% |
| Vacancy Rate | 17.7% | 10.3% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Augusta-Richmond County consolidated government (balance) has a homeownership rate of 41.9%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 17.7%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Augusta-Richmond County consolidated government (balance) | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1981 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Augusta-Richmond County consolidated government (balance) was built around 1981. On average, 2.6 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Augusta-Richmond County consolidated government (balance), GA Housing Compared With Nearby Cities
How Augusta-Richmond County consolidated government (balance), GA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Augusta-Richmond County consolidated government (balance), GA | 202,517 | $142,052 #2/2 | $1,141 #2/2 | 50.9% #2/2 |
| Martinez, GA | 30,820 | $221,846 | $1,256 | 71.0% |
Frequently Asked Questions
Common questions about the housing market in Augusta-Richmond County consolidated government (balance), Georgia.
What is the median home price in Augusta-Richmond County consolidated government (balance), Georgia?
The median home price in Augusta-Richmond County consolidated government (balance), Georgia is $142,052, lower than the Georgia average of $256,986.
What is the average home price in Augusta-Richmond County consolidated government (balance), Georgia?
The typical home price in Augusta-Richmond County consolidated government (balance), Georgia, reported as the median sale price, is $142,052. 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 Augusta-Richmond County consolidated government (balance), Georgia?
The median gross rent in Augusta-Richmond County consolidated government (balance), Georgia is $1,141 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Augusta-Richmond County consolidated government (balance) in 2020?
In 2020, the median gross rent in Augusta-Richmond County consolidated government (balance), Georgia was $908 per month.
What is the price-to-rent ratio in Augusta-Richmond County consolidated government (balance), Georgia?
The price-to-rent ratio in Augusta-Richmond County consolidated government (balance), Georgia is about 10.4, meaning it would take roughly 10.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Augusta-Richmond County consolidated government (balance).
Are home prices or rent rising faster in Augusta-Richmond County consolidated government (balance), Georgia?
Both home prices and rent are rising in Augusta-Richmond County consolidated government (balance), up about 5.3% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Augusta-Richmond County consolidated government (balance), Georgia?
41.9% of households in Augusta-Richmond County consolidated government (balance), Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Augusta-Richmond County consolidated government (balance), Georgia?
The housing vacancy rate in Augusta-Richmond County consolidated government (balance), Georgia is 17.7%, higher than the Georgia average of 10.3%.
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