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 | Chattooga County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,099 | $238,631 | $242,182 |
| Price Trend (Annual %) | 3.4% | 9.0% | 8.2% |
| Median Gross Rent | $788 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chattooga County is about 75% lower than in Georgia. Rent is about 40% 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 Chattooga County, up about 3.4% and 4.1% a year respectively. Rent is changing faster.
Median rent in Chattooga County rose about 35.2% between 2015 and 2023, from $583 to $788. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Chattooga County.
Buying the median-priced home in Chattooga County costs roughly 6.2 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 Chattooga County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Chattooga County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,099 | $238,631 | $242,182 |
| Median Household Income | $46,902 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Chattooga County rose about 10.3%, while median household income rose about 48.8% between 2009 and 2023 — 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 | Chattooga County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.6% | 58.4% | 58.2% |
| Rental Rate | 27.4% | 31.0% | 31.3% |
| Vacancy Rate | 16.0% | 10.6% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Chattooga County has a homeownership rate of 56.6%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 16.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Chattooga County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1977 | 1989 | 1978 |
| Median Number of Rooms | 5.1 | 5.9 | 5.5 |
The typical housing unit in Chattooga County was built around 1977. On average, 2.6 people live in a home with about 5.1 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Chattooga County, Georgia.
What is the median home price in Chattooga County, Georgia?
The median home price in Chattooga County, Georgia is $59,099, lower than the Georgia average of $238,631.
What is the average home price in Chattooga 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 Chattooga County, Georgia?
The median gross rent in Chattooga County, Georgia is $788 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Chattooga County in 2020?
In 2020, the median gross rent in Chattooga County, Georgia was $572 per month.
What is the price-to-rent ratio in Chattooga County, Georgia?
The price-to-rent ratio in Chattooga County, Georgia is about 6.2, meaning it would take roughly 6.2 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 Chattooga County.
Are home prices or rent rising faster in Chattooga County, Georgia?
Both home prices and rent are rising in Chattooga County, up about 3.4% and 4.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Chattooga County, Georgia?
56.6% of households in Chattooga County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Chattooga County, Georgia?
The housing vacancy rate in Chattooga County, Georgia is 16.0%, higher than the Georgia average of 10.6%.