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 | Coweta County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $309,210 | $238,631 | $242,182 |
| Price Trend (Annual %) | 20.6% | 9.0% | 8.2% |
| Median Gross Rent | $1,396 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coweta County is about 30% higher than in Georgia. Rent is about 7% 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 Coweta County, up about 20.6% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Coweta County rose about 49.7% between 2015 and 2023, from $932 to $1,396. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Coweta County.
Buying the median-priced home in Coweta County costs roughly 18.5 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 Coweta County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Coweta County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $309,210 | $238,631 | $242,182 |
| Median Household Income | $93,422 | $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 Coweta County rose about 138.6%, while median household income rose about 51.1% 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 | Coweta County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.7% | 58.4% | 58.2% |
| Rental Rate | 21.3% | 31.0% | 31.3% |
| Vacancy Rate | 5.0% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Coweta County has a homeownership rate of 73.7%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 5.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Coweta County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.70 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1996 | 1989 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in Coweta County was built around 1996. On average, 2.7 people live in a home with about 6.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Coweta County, Georgia.
What is the median home price in Coweta County, Georgia?
The median home price in Coweta County, Georgia is $309,210, higher than the Georgia average of $238,631.
What is the average home price in Coweta 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 Coweta County, Georgia?
The median gross rent in Coweta County, Georgia is $1,396 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Coweta County in 2020?
In 2020, the median gross rent in Coweta County, Georgia was $1,124 per month.
What is the price-to-rent ratio in Coweta County, Georgia?
The price-to-rent ratio in Coweta County, Georgia is about 18.5, meaning it would take roughly 18.5 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 Coweta County.
Are home prices or rent rising faster in Coweta County, Georgia?
Both home prices and rent are rising in Coweta County, up about 20.6% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coweta County, Georgia?
73.7% of households in Coweta County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Coweta County, Georgia?
The housing vacancy rate in Coweta County, Georgia is 5.0%, lower than the Georgia average of 10.6%.