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 | DeKalb County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $280,344 | $238,631 | $242,182 |
| Price Trend (Annual %) | 9.8% | 9.0% | 8.2% |
| Median Gross Rent | $1,591 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in DeKalb County is about 17% higher than in Georgia. Rent is about 22% 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 DeKalb County, up about 9.8% and 6.6% a year respectively. Home prices are changing faster.
Median rent in DeKalb County rose about 60.7% between 2015 and 2023, from $990 to $1,591. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in DeKalb County.
Buying the median-priced home in DeKalb County costs roughly 14.7 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 DeKalb County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | DeKalb County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $280,344 | $238,631 | $242,182 |
| Median Household Income | $78,282 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in DeKalb County rose about 100.2%, while median household income rose about 50.5% 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 | DeKalb County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.7% | 58.4% | 58.2% |
| Rental Rate | 36.0% | 31.0% | 31.3% |
| Vacancy Rate | 13.4% | 10.6% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
DeKalb County has a homeownership rate of 50.7%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 13.4%, compared with 10.6% in Georgia.
Housing Stock
| Metric | DeKalb County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in DeKalb County was built around 1984. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in DeKalb County, Georgia.
What is the median home price in DeKalb County, Georgia?
The median home price in DeKalb County, Georgia is $280,344, higher than the Georgia average of $238,631.
What is the average home price in DeKalb 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 DeKalb County, Georgia?
The median gross rent in DeKalb County, Georgia is $1,591 per month, higher than the Georgia average of $1,306.
What was the median gross rent in DeKalb County in 2020?
In 2020, the median gross rent in DeKalb County, Georgia was $1,223 per month.
What is the price-to-rent ratio in DeKalb County, Georgia?
The price-to-rent ratio in DeKalb County, Georgia is about 14.7, meaning it would take roughly 14.7 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 DeKalb County.
Are home prices or rent rising faster in DeKalb County, Georgia?
Both home prices and rent are rising in DeKalb County, up about 9.8% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in DeKalb County, Georgia?
50.7% of households in DeKalb County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in DeKalb County, Georgia?
The housing vacancy rate in DeKalb County, Georgia is 13.4%, higher than the Georgia average of 10.6%.