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 | Chattahoochee County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $238,631 | $242,182 |
| Price Trend (Annual %) | -4.2% | 9.0% | 8.2% |
| Median Gross Rent | $1,234 | $1,306 | $1,342 |
| Rent Trend (Annual %) | -0.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chattahoochee County is about 53% lower than in Georgia. Rent is about 5% 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 falling in Chattahoochee County, down about 4.2% and 0.3% a year respectively. Home prices are changing faster.
Median rent in Chattahoochee County fell about 0.1% between 2015 and 2023, from $1,235 to $1,234. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Chattahoochee County.
Buying the median-priced home in Chattahoochee County costs roughly 7.6 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 Chattahoochee County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Chattahoochee County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $238,631 | $242,182 |
| Median Household Income | $58,832 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.9 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Chattahoochee County rose about 34.8%, while median household income rose about 25.0% 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 | Chattahoochee County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 23.5% | 58.4% | 58.2% |
| Rental Rate | 41.9% | 31.0% | 31.3% |
| Vacancy Rate | 34.6% | 10.6% | 10.6% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Chattahoochee County has a homeownership rate of 23.5%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 34.6%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Chattahoochee County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Chattahoochee County was built around 1981. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Chattahoochee County, Georgia.
What is the median home price in Chattahoochee County, Georgia?
The median home price in Chattahoochee County, Georgia is $112,500, lower than the Georgia average of $238,631.
What is the average home price in Chattahoochee 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 Chattahoochee County, Georgia?
The median gross rent in Chattahoochee County, Georgia is $1,234 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Chattahoochee County in 2020?
In 2020, the median gross rent in Chattahoochee County, Georgia was $1,134 per month.
What is the price-to-rent ratio in Chattahoochee County, Georgia?
The price-to-rent ratio in Chattahoochee County, Georgia is about 7.6, meaning it would take roughly 7.6 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 Chattahoochee County.
Are home prices or rent rising faster in Chattahoochee County, Georgia?
Both home prices and rent are falling in Chattahoochee County, down about 4.2% and 0.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Chattahoochee County, Georgia?
23.5% of households in Chattahoochee County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Chattahoochee County, Georgia?
The housing vacancy rate in Chattahoochee County, Georgia is 34.6%, higher than the Georgia average of 10.6%.