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 | Butts County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,410 | $238,631 | $242,182 |
| Price Trend (Annual %) | 15.3% | 9.0% | 8.2% |
| Median Gross Rent | $951 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Butts County is about 37% lower than in Georgia. Rent is about 27% 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 Butts County, up about 15.3% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Butts County rose about 22.9% between 2015 and 2023, from $774 to $951. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Butts County.
Buying the median-priced home in Butts County costs roughly 13.2 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 Butts County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Butts County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,410 | $238,631 | $242,182 |
| Median Household Income | $59,487 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Butts County rose about 59.3%, while median household income rose about 14.6% 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 | Butts County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.5% | 58.4% | 58.2% |
| Rental Rate | 26.3% | 31.0% | 31.3% |
| Vacancy Rate | 9.2% | 10.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Butts County has a homeownership rate of 64.5%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 9.2%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Butts County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.70 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1994 | 1989 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Butts County was built around 1994. On average, 2.7 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Butts County, Georgia.
What is the median home price in Butts County, Georgia?
The median home price in Butts County, Georgia is $150,410, lower than the Georgia average of $238,631.
What is the average home price in Butts 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 Butts County, Georgia?
The median gross rent in Butts County, Georgia is $951 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Butts County in 2020?
In 2020, the median gross rent in Butts County, Georgia was $907 per month.
What is the price-to-rent ratio in Butts County, Georgia?
The price-to-rent ratio in Butts County, Georgia is about 13.2, meaning it would take roughly 13.2 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 Butts County.
Are home prices or rent rising faster in Butts County, Georgia?
Both home prices and rent are rising in Butts County, up about 15.3% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Butts County, Georgia?
64.5% of households in Butts County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Butts County, Georgia?
The housing vacancy rate in Butts County, Georgia is 9.2%, lower than the Georgia average of 10.6%.