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 | Echols County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $238,631 | $242,182 |
| Price Trend (Annual %) | -1.3% | 9.0% | 8.2% |
| Median Gross Rent | $833 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Echols County is about 53% lower than in Georgia. Rent is about 36% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2019
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Echols County: home prices fell about 1.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
Median rent in Echols County rose about 36.3% between 2015 and 2023, from $611 to $833. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Echols County.
Buying the median-priced home in Echols County costs roughly 11.3 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 Echols County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Echols County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $238,631 | $242,182 |
| Median Household Income | $61,754 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2019, the median home price in Echols County fell about 25.0%, while median household income rose about 74.2% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Echols County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.0% | 58.4% | 58.2% |
| Rental Rate | 19.0% | 31.0% | 31.3% |
| Vacancy Rate | 18.0% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Echols County has a homeownership rate of 63.0%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 18.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Echols County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.06 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1989 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.9 | 5.5 |
The typical housing unit in Echols County was built around 1989. On average, 3.1 people live in a home with about 5.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Echols County, Georgia.
What is the median home price in Echols County, Georgia?
The median home price in Echols County, Georgia is $112,500, lower than the Georgia average of $238,631.
What is the average home price in Echols 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 Echols County, Georgia?
The median gross rent in Echols County, Georgia is $833 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Echols County in 2020?
In 2020, the median gross rent in Echols County, Georgia was $670 per month.
What is the price-to-rent ratio in Echols County, Georgia?
The price-to-rent ratio in Echols County, Georgia is about 11.3, meaning it would take roughly 11.3 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 Echols County.
Are home prices or rent rising faster in Echols County, Georgia?
Home prices and rent are moving in opposite directions in Echols County: home prices fell about 1.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Echols County, Georgia?
63.0% of households in Echols County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Echols County, Georgia?
The housing vacancy rate in Echols County, Georgia is 18.0%, higher than the Georgia average of 10.6%.