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 | Bartow County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $76,958 | $238,631 | $242,182 |
| Price Trend (Annual %) | 17.6% | 9.0% | 8.2% |
| Median Gross Rent | $1,201 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bartow County is about 68% lower 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 Bartow County, up about 17.6% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Bartow County rose about 46.1% between 2015 and 2023, from $822 to $1,201. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Bartow County.
Buying the median-priced home in Bartow County costs roughly 5.3 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 Bartow County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Bartow County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $76,958 | $238,631 | $242,182 |
| Median Household Income | $80,485 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bartow County rose about 3.4%, while median household income rose about 60.7% 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 | Bartow County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.8% | 58.4% | 58.2% |
| Rental Rate | 23.6% | 31.0% | 31.3% |
| Vacancy Rate | 9.6% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Bartow County has a homeownership rate of 66.8%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 9.6%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Bartow County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.78 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1993 | 1989 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Bartow County was built around 1993. On average, 2.8 people live in a home with about 6.1 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bartow County, Georgia.
What is the median home price in Bartow County, Georgia?
The median home price in Bartow County, Georgia is $76,958, lower than the Georgia average of $238,631.
What is the average home price in Bartow 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 Bartow County, Georgia?
The median gross rent in Bartow County, Georgia is $1,201 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Bartow County in 2020?
In 2020, the median gross rent in Bartow County, Georgia was $934 per month.
What is the price-to-rent ratio in Bartow County, Georgia?
The price-to-rent ratio in Bartow County, Georgia is about 5.3, meaning it would take roughly 5.3 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 Bartow County.
Are home prices or rent rising faster in Bartow County, Georgia?
Both home prices and rent are rising in Bartow County, up about 17.6% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bartow County, Georgia?
66.8% of households in Bartow County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Bartow County, Georgia?
The housing vacancy rate in Bartow County, Georgia is 9.6%, lower than the Georgia average of 10.6%.