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 | Evans | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $336,546 | $238,631 | $242,182 |
| Price Trend (Annual %) | 10.2% | 9.0% | 8.2% |
| Median Gross Rent | $1,640 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 2.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Evans is about 41% higher than in Georgia. Rent is about 26% 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 Evans, up about 10.2% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Evans rose about 17.3% between 2015 and 2023, from $1,398 to $1,640. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Evans.
Buying the median-priced home in Evans costs roughly 17.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Evans. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Evans | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $336,546 | $238,631 | $242,182 |
| Median Household Income | $129,456 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Evans rose about 79.0%, while median household income rose about 49.2% 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 | Evans | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.5% | 58.4% | 58.2% |
| Rental Rate | 10.5% | 31.0% | 31.3% |
| Vacancy Rate | 12.0% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Evans has a homeownership rate of 77.5%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 12.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Evans | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.19 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1996 | 1989 | 1978 |
| Median Number of Rooms | 7.6 | 5.9 | 5.5 |
The typical housing unit in Evans was built around 1996. On average, 3.2 people live in a home with about 7.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Evans, Georgia.
What is the median home price in Evans, Georgia?
The median home price in Evans, Georgia is $336,546, higher than the Georgia average of $238,631.
What is the average home price in Evans, 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 Evans, Georgia?
The median gross rent in Evans, Georgia is $1,640 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Evans in 2020?
In 2020, the median gross rent in Evans, Georgia was $1,405 per month.
What is the price-to-rent ratio in Evans, Georgia?
The price-to-rent ratio in Evans, Georgia is about 17.1, meaning it would take roughly 17.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Evans.
Are home prices or rent rising faster in Evans, Georgia?
Both home prices and rent are rising in Evans, up about 10.2% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Evans, Georgia?
77.5% of households in Evans, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Evans, Georgia?
The housing vacancy rate in Evans, Georgia is 12.0%, higher than the Georgia average of 10.6%.