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 | Barrow County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $315,248 | $238,631 | $242,182 |
| Price Trend (Annual %) | 14.4% | 9.0% | 8.2% |
| Median Gross Rent | $1,196 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Barrow County is about 32% higher than in Georgia. Rent is about 8% 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 Barrow County, up about 14.4% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Barrow County rose about 31.0% between 2015 and 2023, from $913 to $1,196. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Barrow County.
Buying the median-priced home in Barrow County costs roughly 22.0 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 Barrow County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Barrow County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $315,248 | $238,631 | $242,182 |
| Median Household Income | $77,578 | $74,683 | $78,145 |
| Price-to-Income Ratio | 4.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Barrow County rose about 162.7%, while median household income rose about 60.8% 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 | Barrow County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.6% | 58.4% | 58.2% |
| Rental Rate | 19.5% | 31.0% | 31.3% |
| Vacancy Rate | 4.9% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Barrow County has a homeownership rate of 75.6%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 4.9%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Barrow County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.91 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1999 | 1989 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Barrow County was built around 1999. On average, 2.9 people live in a home with about 6.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Barrow County, Georgia.
What is the median home price in Barrow County, Georgia?
The median home price in Barrow County, Georgia is $315,248, higher than the Georgia average of $238,631.
What is the average home price in Barrow 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 Barrow County, Georgia?
The median gross rent in Barrow County, Georgia is $1,196 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Barrow County in 2020?
In 2020, the median gross rent in Barrow County, Georgia was $1,020 per month.
What is the price-to-rent ratio in Barrow County, Georgia?
The price-to-rent ratio in Barrow County, Georgia is about 22.0, meaning it would take roughly 22.0 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 Barrow County.
Are home prices or rent rising faster in Barrow County, Georgia?
Both home prices and rent are rising in Barrow County, up about 14.4% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Barrow County, Georgia?
75.6% of households in Barrow County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Barrow County, Georgia?
The housing vacancy rate in Barrow County, Georgia is 4.9%, lower than the Georgia average of 10.6%.