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 | Early County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $238,631 | $242,182 |
| Price Trend (Annual %) | 71.9% | 9.0% | 8.2% |
| Median Gross Rent | $774 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Early County is about 89% higher than in Georgia. Rent is about 41% 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 Early County, up about 71.9% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Early County rose about 32.4% between 2015 and 2023, from $584 to $774. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 8.4 yearly household incomes in Early County.
Buying the median-priced home in Early County costs roughly 48.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Early County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Early County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $238,631 | $242,182 |
| Median Household Income | $53,425 | $74,683 | $78,145 |
| Price-to-Income Ratio | 8.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Early County rose about 373.7%, while median household income rose about 94.3% 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 | Early County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.7% | 58.4% | 58.2% |
| Rental Rate | 24.3% | 31.0% | 31.3% |
| Vacancy Rate | 18.0% | 10.6% | 10.6% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Early County has a homeownership rate of 57.7%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 18.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Early County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1979 | 1989 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Early County was built around 1979. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Early County, Georgia.
What is the median home price in Early County, Georgia?
The median home price in Early County, Georgia is $450,000, higher than the Georgia average of $238,631.
What is the average home price in Early 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 Early County, Georgia?
The median gross rent in Early County, Georgia is $774 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Early County in 2020?
In 2020, the median gross rent in Early County, Georgia was $688 per month.
What is the price-to-rent ratio in Early County, Georgia?
The price-to-rent ratio in Early County, Georgia is about 48.5, meaning it would take roughly 48.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Early County.
Are home prices or rent rising faster in Early County, Georgia?
Both home prices and rent are rising in Early County, up about 71.9% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Early County, Georgia?
57.7% of households in Early County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Early County, Georgia?
The housing vacancy rate in Early County, Georgia is 18.0%, higher than the Georgia average of 10.6%.