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 | Clinch County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,473 | $238,631 | $242,182 |
| Price Trend (Annual %) | 6.9% | 9.0% | 8.2% |
| Median Gross Rent | $504 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 2.0% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clinch County is about 52% lower than in Georgia. Rent is about 61% 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 Clinch County, up about 6.9% and 2.0% a year respectively. Home prices are changing faster.
Median rent in Clinch County rose about 21.2% between 2015 and 2023, from $416 to $504. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Clinch County.
Buying the median-priced home in Clinch County costs roughly 18.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Clinch County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Clinch County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,473 | $238,631 | $242,182 |
| Median Household Income | $52,424 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.2 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clinch County rose about 57.6%, while median household income rose about 56.5% 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 | Clinch County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.1% | 58.4% | 58.2% |
| Rental Rate | 24.4% | 31.0% | 31.3% |
| Vacancy Rate | 18.5% | 10.6% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Clinch County has a homeownership rate of 57.1%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 18.5%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Clinch County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1979 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Clinch County was built around 1979. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clinch County, Georgia.
What is the median home price in Clinch County, Georgia?
The median home price in Clinch County, Georgia is $114,473, lower than the Georgia average of $238,631.
What is the average home price in Clinch 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 Clinch County, Georgia?
The median gross rent in Clinch County, Georgia is $504 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Clinch County in 2020?
In 2020, the median gross rent in Clinch County, Georgia was $509 per month.
What is the price-to-rent ratio in Clinch County, Georgia?
The price-to-rent ratio in Clinch County, Georgia is about 18.9, meaning it would take roughly 18.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Clinch County.
Are home prices or rent rising faster in Clinch County, Georgia?
Both home prices and rent are rising in Clinch County, up about 6.9% and 2.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clinch County, Georgia?
57.1% of households in Clinch County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Clinch County, Georgia?
The housing vacancy rate in Clinch County, Georgia is 18.5%, higher than the Georgia average of 10.6%.