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 | Baldwin County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,178 | $238,631 | $242,182 |
| Price Trend (Annual %) | 6.2% | 9.0% | 8.2% |
| Median Gross Rent | $864 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Baldwin County is about 41% lower than in Georgia. Rent is about 34% 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 Baldwin County, up about 6.2% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Baldwin County rose about 28.4% between 2015 and 2023, from $673 to $864. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Baldwin County.
Buying the median-priced home in Baldwin County costs roughly 13.5 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 Baldwin County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Baldwin County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,178 | $238,631 | $242,182 |
| Median Household Income | $55,605 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Baldwin County rose about 19.0%, while median household income rose about 46.4% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Baldwin County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.2% | 58.4% | 58.2% |
| Rental Rate | 28.5% | 31.0% | 31.3% |
| Vacancy Rate | 20.3% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Baldwin County has a homeownership rate of 51.2%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 20.3%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Baldwin County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Baldwin County was built around 1986. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Baldwin County, Georgia.
What is the median home price in Baldwin County, Georgia?
The median home price in Baldwin County, Georgia is $140,178, lower than the Georgia average of $238,631.
What is the average home price in Baldwin 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 Baldwin County, Georgia?
The median gross rent in Baldwin County, Georgia is $864 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Baldwin County in 2020?
In 2020, the median gross rent in Baldwin County, Georgia was $717 per month.
What is the price-to-rent ratio in Baldwin County, Georgia?
The price-to-rent ratio in Baldwin County, Georgia is about 13.5, meaning it would take roughly 13.5 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 Baldwin County.
Are home prices or rent rising faster in Baldwin County, Georgia?
Both home prices and rent are rising in Baldwin County, up about 6.2% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Baldwin County, Georgia?
51.2% of households in Baldwin County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Baldwin County, Georgia?
The housing vacancy rate in Baldwin County, Georgia is 20.3%, higher than the Georgia average of 10.6%.