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 | Cobb County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $326,084 | $238,631 | $242,182 |
| Price Trend (Annual %) | 10.9% | 9.0% | 8.2% |
| Median Gross Rent | $1,640 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 6.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cobb County is about 37% higher than in Georgia. Rent is about 26% higher 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 Cobb County, up about 10.9% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Cobb County rose about 63.1% between 2015 and 2023, from $1,005 to $1,640. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Cobb County.
Buying the median-priced home in Cobb County costs roughly 16.6 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 Cobb County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Cobb County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $326,084 | $238,631 | $242,182 |
| Median Household Income | $98,996 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Cobb County rose about 108.5%, while median household income rose about 47.7% 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 | Cobb County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.1% | 58.4% | 58.2% |
| Rental Rate | 31.1% | 31.0% | 31.3% |
| Vacancy Rate | 5.8% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Cobb County has a homeownership rate of 63.1%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 5.8%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Cobb County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1989 | 1989 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Cobb County was built around 1989. On average, 2.6 people live in a home with about 6.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cobb County, Georgia.
What is the median home price in Cobb County, Georgia?
The median home price in Cobb County, Georgia is $326,084, higher than the Georgia average of $238,631.
What is the average home price in Cobb 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 Cobb County, Georgia?
The median gross rent in Cobb County, Georgia is $1,640 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Cobb County in 2020?
In 2020, the median gross rent in Cobb County, Georgia was $1,264 per month.
What is the price-to-rent ratio in Cobb County, Georgia?
The price-to-rent ratio in Cobb County, Georgia is about 16.6, meaning it would take roughly 16.6 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 Cobb County.
Are home prices or rent rising faster in Cobb County, Georgia?
Both home prices and rent are rising in Cobb County, up about 10.9% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cobb County, Georgia?
63.1% of households in Cobb County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Cobb County, Georgia?
The housing vacancy rate in Cobb County, Georgia is 5.8%, lower than the Georgia average of 10.6%.