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 | Coffee County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $76,527 | $238,631 | $242,182 |
| Price Trend (Annual %) | 2.3% | 9.0% | 8.2% |
| Median Gross Rent | $712 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coffee County is about 68% lower than in Georgia. Rent is about 45% 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 Coffee County, up about 2.3% and 3.8% a year respectively. Rent is changing faster.
Median rent in Coffee County rose about 31.0% between 2015 and 2023, from $544 to $712. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Coffee County.
Buying the median-priced home in Coffee County costs roughly 9.0 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 Coffee County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Coffee County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $76,527 | $238,631 | $242,182 |
| Median Household Income | $50,236 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Coffee County fell about 23.9%, while median household income rose about 51.0% 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 | Coffee County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.5% | 58.4% | 58.2% |
| Rental Rate | 32.4% | 31.0% | 31.3% |
| Vacancy Rate | 12.1% | 10.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Coffee County has a homeownership rate of 55.5%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 12.1%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Coffee County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Coffee County was built around 1986. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Coffee County, Georgia.
What is the median home price in Coffee County, Georgia?
The median home price in Coffee County, Georgia is $76,527, lower than the Georgia average of $238,631.
What is the average home price in Coffee 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 Coffee County, Georgia?
The median gross rent in Coffee County, Georgia is $712 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Coffee County in 2020?
In 2020, the median gross rent in Coffee County, Georgia was $623 per month.
What is the price-to-rent ratio in Coffee County, Georgia?
The price-to-rent ratio in Coffee County, Georgia is about 9.0, meaning it would take roughly 9.0 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 Coffee County.
Are home prices or rent rising faster in Coffee County, Georgia?
Both home prices and rent are rising in Coffee County, up about 2.3% and 3.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Coffee County, Georgia?
55.5% of households in Coffee County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Coffee County, Georgia?
The housing vacancy rate in Coffee County, Georgia is 12.1%, higher than the Georgia average of 10.6%.