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 | Catoosa County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $512,931 | $238,631 | $242,182 |
| Price Trend (Annual %) | 45.9% | 9.0% | 8.2% |
| Median Gross Rent | $952 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Catoosa County is about 115% higher 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 Catoosa County, up about 45.9% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Catoosa County rose about 30.5% between 2015 and 2023, from $730 to $952. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 7.1 yearly household incomes in Catoosa County.
Buying the median-priced home in Catoosa County costs roughly 44.9 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 Catoosa County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Catoosa County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $512,931 | $238,631 | $242,182 |
| Median Household Income | $72,524 | $74,683 | $78,145 |
| Price-to-Income Ratio | 7.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Catoosa County rose about 526.0%, while median household income rose about 60.3% 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 | Catoosa County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.4% | 58.4% | 58.2% |
| Rental Rate | 23.0% | 31.0% | 31.3% |
| Vacancy Rate | 7.6% | 10.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Catoosa County has a homeownership rate of 69.4%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 7.6%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Catoosa County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1989 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Catoosa County was built around 1989. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Catoosa County, Georgia.
What is the median home price in Catoosa County, Georgia?
The median home price in Catoosa County, Georgia is $512,931, higher than the Georgia average of $238,631.
What is the average home price in Catoosa 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 Catoosa County, Georgia?
The median gross rent in Catoosa County, Georgia is $952 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Catoosa County in 2020?
In 2020, the median gross rent in Catoosa County, Georgia was $766 per month.
What is the price-to-rent ratio in Catoosa County, Georgia?
The price-to-rent ratio in Catoosa County, Georgia is about 44.9, meaning it would take roughly 44.9 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 Catoosa County.
Are home prices or rent rising faster in Catoosa County, Georgia?
Both home prices and rent are rising in Catoosa County, up about 45.9% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Catoosa County, Georgia?
69.4% of households in Catoosa County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Catoosa County, Georgia?
The housing vacancy rate in Catoosa County, Georgia is 7.6%, lower than the Georgia average of 10.6%.