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 | Berrien County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $157,692 | $238,631 | $242,182 |
| Price Trend (Annual %) | 8.5% | 9.0% | 8.2% |
| Median Gross Rent | $771 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Berrien County is about 34% lower than in Georgia. Rent is about 41% 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 Berrien County, up about 8.5% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Berrien County rose about 41.2% between 2015 and 2023, from $546 to $771. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Berrien County.
Buying the median-priced home in Berrien County costs roughly 17.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Berrien County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Berrien County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $157,692 | $238,631 | $242,182 |
| Median Household Income | $50,593 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Berrien County rose about 66.0%, while median household income rose about 54.9% 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 | Berrien County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.9% | 58.4% | 58.2% |
| Rental Rate | 26.4% | 31.0% | 31.3% |
| Vacancy Rate | 14.7% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Berrien County has a homeownership rate of 58.9%, about the same as the Georgia average of 58.4%. Its housing vacancy rate is 14.7%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Berrien County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1988 | 1989 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Berrien County was built around 1988. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Berrien County, Georgia.
What is the median home price in Berrien County, Georgia?
The median home price in Berrien County, Georgia is $157,692, lower than the Georgia average of $238,631.
What is the average home price in Berrien 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 Berrien County, Georgia?
The median gross rent in Berrien County, Georgia is $771 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Berrien County in 2020?
In 2020, the median gross rent in Berrien County, Georgia was $660 per month.
What is the price-to-rent ratio in Berrien County, Georgia?
The price-to-rent ratio in Berrien County, Georgia is about 17.0, meaning it would take roughly 17.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Berrien County.
Are home prices or rent rising faster in Berrien County, Georgia?
Both home prices and rent are rising in Berrien County, up about 8.5% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Berrien County, Georgia?
58.9% of households in Berrien County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Berrien County, Georgia?
The housing vacancy rate in Berrien County, Georgia is 14.7%, higher than the Georgia average of 10.6%.