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 | Clayton County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,277 | $238,631 | $242,182 |
| Price Trend (Annual %) | 17.3% | 9.0% | 8.2% |
| Median Gross Rent | $1,307 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clayton County is about 24% lower than in Georgia. Rent follows a similar pattern, running close to 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 Clayton County, up about 17.3% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Clayton County rose about 48.5% between 2015 and 2023, from $880 to $1,307. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Clayton County.
Buying the median-priced home in Clayton County costs roughly 11.5 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 Clayton County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Clayton County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,277 | $238,631 | $242,182 |
| Median Household Income | $58,685 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clayton County rose about 133.2%, while median household income rose about 32.4% 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 | Clayton County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.9% | 58.4% | 58.2% |
| Rental Rate | 43.1% | 31.0% | 31.3% |
| Vacancy Rate | 8.0% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Clayton County has a homeownership rate of 48.9%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 8.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Clayton County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1987 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Clayton County was built around 1987. On average, 2.8 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clayton County, Georgia.
What is the median home price in Clayton County, Georgia?
The median home price in Clayton County, Georgia is $180,277, lower than the Georgia average of $238,631.
What is the average home price in Clayton 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 Clayton County, Georgia?
The median gross rent in Clayton County, Georgia is $1,307 per month, about the same as the Georgia average.
What was the median gross rent in Clayton County in 2020?
In 2020, the median gross rent in Clayton County, Georgia was $1,024 per month.
What is the price-to-rent ratio in Clayton County, Georgia?
The price-to-rent ratio in Clayton County, Georgia is about 11.5, meaning it would take roughly 11.5 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 Clayton County.
Are home prices or rent rising faster in Clayton County, Georgia?
Both home prices and rent are rising in Clayton County, up about 17.3% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clayton County, Georgia?
48.9% of households in Clayton County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Clayton County, Georgia?
The housing vacancy rate in Clayton County, Georgia is 8.0%, lower than the Georgia average of 10.6%.