Elbert County, Georgia Housing Market Prices
Elbert County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 76% below the Georgia median Cheaper than 85% of counties in Georgia$62,647
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Median rent 39% below the Georgia median$844
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Elbert County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $62,647 | $256,986 | $248,835 |
| Price Trend (Annual %) | -5.5% | 8.9% | 7.5% |
| Median Gross Rent | $844 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Elbert County is about 76% lower than in Georgia. Rent is about 39% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Elbert County: home prices fell about 5.5% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
Median rent in Elbert County rose about 38.7% between 2015 and 2024, from $609 to $844. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Elbert County.
Buying the median-priced home in Elbert County costs roughly 6.2 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 Elbert County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Elbert County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $62,647 | $256,986 | $248,835 |
| Median Household Income | $58,332 | $77,523 | $80,455 |
| Price-to-Income Ratio | 1.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Elbert County fell about 75.7%, while median household income rose about 56.0% between 2009 and 2025 — 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 | Elbert County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.0% | 58.9% | 58.5% |
| Rental Rate | 25.8% | 30.8% | 31.2% |
| Vacancy Rate | 11.1% | 10.3% | 10.2% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Elbert County has a homeownership rate of 63.0%, higher than the Georgia average of 58.9%. Its housing vacancy rate is 11.1%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Elbert County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1978 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Elbert County was built around 1978. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 19.0 years on average.
Elbert County, GA Housing Compared With Nearby Counties
How Elbert County, GA compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Elbert County, GA | 19,849 | $62,647 #2/2 | $844 #1/2 | 70.9% #2/2 |
| Abbeville County, SC | 24,414 | $175,928 | $798 | 78.1% |
Frequently Asked Questions
Common questions about the housing market in Elbert County, Georgia.
What is the median home price in Elbert County, Georgia?
The median home price in Elbert County, Georgia is $62,647, lower than the Georgia average of $256,986.
What is the average home price in Elbert County, Georgia?
The typical home price in Elbert County, Georgia, reported as the median sale price, is $62,647. 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 Elbert County, Georgia?
The median gross rent in Elbert County, Georgia is $844 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Elbert County in 2020?
In 2020, the median gross rent in Elbert County, Georgia was $673 per month.
What is the price-to-rent ratio in Elbert County, Georgia?
The price-to-rent ratio in Elbert County, Georgia is about 6.2, meaning it would take roughly 6.2 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 Elbert County.
Are home prices or rent rising faster in Elbert County, Georgia?
Home prices and rent are moving in opposite directions in Elbert County: home prices fell about 5.5% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Elbert County, Georgia?
63.0% of households in Elbert County, Georgia own their home, higher than the Georgia average of 58.9%.
What is the vacancy rate in Elbert County, Georgia?
The housing vacancy rate in Elbert County, Georgia is 11.1%, higher than the Georgia average of 10.3%.
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