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 | Bibb County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $101,754 | $238,631 | $242,182 |
| Price Trend (Annual %) | 5.3% | 9.0% | 8.2% |
| Median Gross Rent | $1,026 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bibb County is about 57% lower than in Georgia. Rent is about 21% 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 Bibb County, up about 5.3% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Bibb County rose about 38.1% between 2015 and 2023, from $742 to $1,026. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Bibb County.
Buying the median-priced home in Bibb County costs roughly 8.3 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 Bibb County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Bibb County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $101,754 | $238,631 | $242,182 |
| Median Household Income | $50,883 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bibb County rose about 33.3%, while median household income rose about 33.4% between 2009 and 2023 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bibb County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.8% | 58.4% | 58.2% |
| Rental Rate | 40.3% | 31.0% | 31.3% |
| Vacancy Rate | 17.0% | 10.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Bibb County has a homeownership rate of 42.8%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 17.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Bibb County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1977 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Bibb County was built around 1977. On average, 2.5 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 Bibb County, Georgia.
What is the median home price in Bibb County, Georgia?
The median home price in Bibb County, Georgia is $101,754, lower than the Georgia average of $238,631.
What is the average home price in Bibb 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 Bibb County, Georgia?
The median gross rent in Bibb County, Georgia is $1,026 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Bibb County in 2020?
In 2020, the median gross rent in Bibb County, Georgia was $834 per month.
What is the price-to-rent ratio in Bibb County, Georgia?
The price-to-rent ratio in Bibb County, Georgia is about 8.3, meaning it would take roughly 8.3 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 Bibb County.
Are home prices or rent rising faster in Bibb County, Georgia?
Both home prices and rent are rising in Bibb County, up about 5.3% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bibb County, Georgia?
42.8% of households in Bibb County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Bibb County, Georgia?
The housing vacancy rate in Bibb County, Georgia is 17.0%, higher than the Georgia average of 10.6%.