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 | Crisp County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $141,379 | $238,631 | $242,182 |
| Price Trend (Annual %) | 54.4% | 9.0% | 8.2% |
| Median Gross Rent | $742 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Crisp County is about 41% lower than in Georgia. Rent is about 43% 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 Crisp County, up about 54.4% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Crisp County rose about 24.5% between 2015 and 2023, from $596 to $742. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Crisp County.
Buying the median-priced home in Crisp County costs roughly 15.9 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 Crisp County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Crisp County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $141,379 | $238,631 | $242,182 |
| Median Household Income | $42,838 | $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 Crisp County rose about 140.7%, while median household income rose about 49.5% 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 | Crisp County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.2% | 58.4% | 58.2% |
| Rental Rate | 37.2% | 31.0% | 31.3% |
| Vacancy Rate | 19.6% | 10.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Crisp County has a homeownership rate of 43.2%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 19.6%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Crisp County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Crisp County was built around 1981. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Crisp County, Georgia.
What is the median home price in Crisp County, Georgia?
The median home price in Crisp County, Georgia is $141,379, lower than the Georgia average of $238,631.
What is the average home price in Crisp 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 Crisp County, Georgia?
The median gross rent in Crisp County, Georgia is $742 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Crisp County in 2020?
In 2020, the median gross rent in Crisp County, Georgia was $640 per month.
What is the price-to-rent ratio in Crisp County, Georgia?
The price-to-rent ratio in Crisp County, Georgia is about 15.9, meaning it would take roughly 15.9 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 Crisp County.
Are home prices or rent rising faster in Crisp County, Georgia?
Both home prices and rent are rising in Crisp County, up about 54.4% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Crisp County, Georgia?
43.2% of households in Crisp County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Crisp County, Georgia?
The housing vacancy rate in Crisp County, Georgia is 19.6%, higher than the Georgia average of 10.6%.