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.
Housing Market Overview
| Metric | Dalton | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,279 | $238,631 | $242,182 |
| Price Trend (Annual %) | 33.3% | 9.0% | 8.2% |
| Median Gross Rent | $887 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dalton is about 37% lower than in Georgia. Rent is about 32% 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 Dalton, up about 33.3% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Dalton rose about 35.7% between 2015 and 2023, from $653 to $887. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Dalton.
Buying the median-priced home in Dalton costs roughly 14.0 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 Dalton. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Dalton | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,279 | $238,631 | $242,182 |
| Median Household Income | $62,824 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dalton rose about 79.8%, while median household income rose about 66.6% 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 | Dalton | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.1% | 58.4% | 58.2% |
| Rental Rate | 38.6% | 31.0% | 31.3% |
| Vacancy Rate | 10.3% | 10.6% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Dalton has a homeownership rate of 51.1%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 10.3%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Dalton | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.90 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Dalton was built around 1981. On average, 2.9 people live in a home with about 5.6 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dalton, Georgia.
What is the median home price in Dalton, Georgia?
The median home price in Dalton, Georgia is $149,279, lower than the Georgia average of $238,631.
What is the average home price in Dalton, 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 Dalton, Georgia?
The median gross rent in Dalton, Georgia is $887 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Dalton in 2020?
In 2020, the median gross rent in Dalton, Georgia was $696 per month.
What is the price-to-rent ratio in Dalton, Georgia?
The price-to-rent ratio in Dalton, Georgia is about 14.0, meaning it would take roughly 14.0 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 Dalton.
Are home prices or rent rising faster in Dalton, Georgia?
Both home prices and rent are rising in Dalton, up about 33.3% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dalton, Georgia?
51.1% of households in Dalton, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Dalton, Georgia?
The housing vacancy rate in Dalton, Georgia is 10.3%, lower than the Georgia average of 10.6%.