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 | Douglasville | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $208,179 | $238,631 | $242,182 |
| Price Trend (Annual %) | 8.0% | 9.0% | 8.2% |
| Median Gross Rent | $1,350 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Douglasville is about 13% lower than in Georgia. Rent is about 3% 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 Douglasville, up about 8.0% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Douglasville rose about 50.3% between 2015 and 2023, from $898 to $1,350. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Douglasville.
Buying the median-priced home in Douglasville costs roughly 12.9 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 Douglasville. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Douglasville | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $208,179 | $238,631 | $242,182 |
| Median Household Income | $73,683 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Douglasville rose about 60.7%, while median household income rose about 53.5% 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 | Douglasville | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.9% | 58.4% | 58.2% |
| Rental Rate | 38.6% | 31.0% | 31.3% |
| Vacancy Rate | 8.5% | 10.6% | 10.6% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Douglasville has a homeownership rate of 52.9%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 8.5%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Douglasville | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.68 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1996 | 1989 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Douglasville was built around 1996. On average, 2.7 people live in a home with about 6.1 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Douglasville, Georgia.
What is the median home price in Douglasville, Georgia?
The median home price in Douglasville, Georgia is $208,179, lower than the Georgia average of $238,631.
What is the average home price in Douglasville, 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 Douglasville, Georgia?
The median gross rent in Douglasville, Georgia is $1,350 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Douglasville in 2020?
In 2020, the median gross rent in Douglasville, Georgia was $1,089 per month.
What is the price-to-rent ratio in Douglasville, Georgia?
The price-to-rent ratio in Douglasville, Georgia is about 12.9, meaning it would take roughly 12.9 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 Douglasville.
Are home prices or rent rising faster in Douglasville, Georgia?
Both home prices and rent are rising in Douglasville, up about 8.0% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Douglasville, Georgia?
52.9% of households in Douglasville, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Douglasville, Georgia?
The housing vacancy rate in Douglasville, Georgia is 8.5%, lower than the Georgia average of 10.6%.