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 | Ben Hill County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $209,829 | $238,631 | $242,182 |
| Price Trend (Annual %) | 58.2% | 9.0% | 8.2% |
| Median Gross Rent | $692 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 1.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ben Hill County is about 12% lower than in Georgia. Rent is about 47% 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 Ben Hill County, up about 58.2% and 1.9% a year respectively. Home prices are changing faster.
Median rent in Ben Hill County rose about 13.0% between 2015 and 2023, from $612 to $692. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Ben Hill County.
Buying the median-priced home in Ben Hill County costs roughly 25.3 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 Ben Hill County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Ben Hill County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $209,829 | $238,631 | $242,182 |
| Median Household Income | $39,351 | $74,683 | $78,145 |
| Price-to-Income Ratio | 5.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ben Hill County rose about 239.1%, while median household income rose about 30.8% 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 | Ben Hill County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.6% | 58.4% | 58.2% |
| Rental Rate | 35.4% | 31.0% | 31.3% |
| Vacancy Rate | 12.0% | 10.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Ben Hill County has a homeownership rate of 52.6%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 12.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Ben Hill County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1979 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Ben Hill County was built around 1979. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ben Hill County, Georgia.
What is the median home price in Ben Hill County, Georgia?
The median home price in Ben Hill County, Georgia is $209,829, lower than the Georgia average of $238,631.
What is the average home price in Ben Hill 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 Ben Hill County, Georgia?
The median gross rent in Ben Hill County, Georgia is $692 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Ben Hill County in 2020?
In 2020, the median gross rent in Ben Hill County, Georgia was $677 per month.
What is the price-to-rent ratio in Ben Hill County, Georgia?
The price-to-rent ratio in Ben Hill County, Georgia is about 25.3, meaning it would take roughly 25.3 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 Ben Hill County.
Are home prices or rent rising faster in Ben Hill County, Georgia?
Both home prices and rent are rising in Ben Hill County, up about 58.2% and 1.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ben Hill County, Georgia?
52.6% of households in Ben Hill County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Ben Hill County, Georgia?
The housing vacancy rate in Ben Hill County, Georgia is 12.0%, higher than the Georgia average of 10.6%.