Buford, Georgia Housing Market Prices
Buford Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 91% below the Georgia median$23,955
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Median rent 14% above the Georgia median$1,590
Housing Market Overview
| Metric | Buford | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,955 | $256,986 | $248,835 |
| Price Trend (Annual %) | -1.7% | 8.9% | 7.5% |
| Median Gross Rent | $1,590 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Buford is about 91% lower than in Georgia. Rent is about 14% higher than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Buford: home prices fell about 1.7% a year while rent rose about 6.4% a year. That is an unusual pattern worth watching.
Median rent in Buford rose about 68.7% between 2015 and 2024, from $942 to $1,590. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Buford.
Buying the median-priced home in Buford costs roughly 1.3 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 Buford. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Buford | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,955 | $256,986 | $248,835 |
| Median Household Income | $74,695 | $77,523 | $80,455 |
| Price-to-Income Ratio | 0.3 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Buford fell about 84.6%, while median household income rose about 28.0% between 2009 and 2025 — 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 | Buford | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.7% | 58.9% | 58.5% |
| Rental Rate | 27.0% | 30.8% | 31.2% |
| Vacancy Rate | 9.3% | 10.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Buford has a homeownership rate of 63.7%, higher than the Georgia average of 58.9%. Its housing vacancy rate is 9.3%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Buford | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.08 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1998 | 1990 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Buford was built around 1998. On average, 3.1 people live in a home with about 6.2 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Buford, Georgia.
What is the median home price in Buford, Georgia?
The median home price in Buford, Georgia is $23,955, lower than the Georgia average of $256,986.
What is the average home price in Buford, Georgia?
The typical home price in Buford, Georgia, reported as the median sale price, is $23,955. 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 Buford, Georgia?
The median gross rent in Buford, Georgia is $1,590 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Buford in 2020?
In 2020, the median gross rent in Buford, Georgia was $1,201 per month.
What is the price-to-rent ratio in Buford, Georgia?
The price-to-rent ratio in Buford, Georgia is about 1.3, meaning it would take roughly 1.3 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 Buford.
Are home prices or rent rising faster in Buford, Georgia?
Home prices and rent are moving in opposite directions in Buford: home prices fell about 1.7% a year while rent rose about 6.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Buford, Georgia?
63.7% of households in Buford, Georgia own their home, higher than the Georgia average of 58.9%.
What is the vacancy rate in Buford, Georgia?
The housing vacancy rate in Buford, Georgia is 9.3%, lower than the Georgia average of 10.3%.
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