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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Baker County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $555,514 | $238,631 | $242,182 |
| Price Trend (Annual %) | 109.1% | 9.0% | 8.2% |
| Median Gross Rent | $643 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 5.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Baker County is about 133% higher than in Georgia. Rent is about 51% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Baker County, up about 109.1% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Baker County rose about 57.7% between 2015 and 2023, from $407 to $643. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 12.6 yearly household incomes in Baker County.
Buying the median-priced home in Baker County costs roughly 72.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Baker County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Baker County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $555,514 | $238,631 | $242,182 |
| Median Household Income | $44,195 | $74,683 | $78,145 |
| Price-to-Income Ratio | 12.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Baker County rose about 553.5%, while median household income rose about 45.6% 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 | Baker County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.1% | 58.4% | 58.2% |
| Rental Rate | 21.4% | 31.0% | 31.3% |
| Vacancy Rate | 21.5% | 10.6% | 10.6% |
| Median Tenure (years) | 21.0 | 14.0 | 15.0 |
| Median Year Moved In | 2005 | 2012 | 2011 |
Baker County has a homeownership rate of 57.1%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 21.5%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Baker County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Baker County was built around 1981. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Baker County, Georgia.
What is the median home price in Baker County, Georgia?
The median home price in Baker County, Georgia is $555,514, higher than the Georgia average of $238,631.
What is the average home price in Baker County, 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 Baker County, Georgia?
The median gross rent in Baker County, Georgia is $643 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Baker County in 2020?
In 2020, the median gross rent in Baker County, Georgia was $532 per month.
What is the price-to-rent ratio in Baker County, Georgia?
The price-to-rent ratio in Baker County, Georgia is about 72.0, meaning it would take roughly 72.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Baker County.
Are home prices or rent rising faster in Baker County, Georgia?
Both home prices and rent are rising in Baker County, up about 109.1% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Baker County, Georgia?
57.1% of households in Baker County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Baker County, Georgia?
The housing vacancy rate in Baker County, Georgia is 21.5%, higher than the Georgia average of 10.6%.