Fairburn, Georgia Housing Market Prices
Fairburn 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 13% above the Georgia median$291,071
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Median rent 8% above the Georgia median$1,498
Housing Market Overview
| Metric | Fairburn | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,071 | $256,986 | $248,835 |
| Price Trend (Annual %) | 21.6% | 8.9% | 7.5% |
| Median Gross Rent | $1,498 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fairburn is about 13% higher than in Georgia. Rent is about 8% higher than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Fairburn, up about 21.6% and 6.8% a year respectively. Home prices are changing faster.
Median rent in Fairburn rose about 73.5% between 2015 and 2024, from $864 to $1,498. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Fairburn.
Buying the median-priced home in Fairburn costs roughly 16.2 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 Fairburn. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Fairburn | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,071 | $256,986 | $248,835 |
| Median Household Income | $81,283 | $77,523 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fairburn rose about 338.9%, while median household income rose about 38.6% between 2009 and 2025 — 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 | Fairburn | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.1% | 58.9% | 58.5% |
| Rental Rate | 41.9% | 30.8% | 31.2% |
| Vacancy Rate | 7.0% | 10.3% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Fairburn has a homeownership rate of 51.1%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 7.0%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Fairburn | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 2001 | 1990 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Fairburn was built around 2001. On average, 2.8 people live in a home with about 6.1 rooms, staying for about 12.0 years on average.
Fairburn, GA Housing Compared With Nearby Cities
How Fairburn, GA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fairburn, GA | 21,806 | $291,071 #1/2 | $1,498 #2/2 | 55.0% #2/2 |
| South Fulton, GA | 102,509 | $232,135 | $1,600 | 70.4% |
Frequently Asked Questions
Common questions about the housing market in Fairburn, Georgia.
What is the median home price in Fairburn, Georgia?
The median home price in Fairburn, Georgia is $291,071, higher than the Georgia average of $256,986.
What is the average home price in Fairburn, Georgia?
The typical home price in Fairburn, Georgia, reported as the median sale price, is $291,071. 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 Fairburn, Georgia?
The median gross rent in Fairburn, Georgia is $1,498 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Fairburn in 2020?
In 2020, the median gross rent in Fairburn, Georgia was $1,138 per month.
What is the price-to-rent ratio in Fairburn, Georgia?
The price-to-rent ratio in Fairburn, Georgia is about 16.2, meaning it would take roughly 16.2 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 Fairburn.
Are home prices or rent rising faster in Fairburn, Georgia?
Both home prices and rent are rising in Fairburn, up about 21.6% and 6.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fairburn, Georgia?
51.1% of households in Fairburn, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Fairburn, Georgia?
The housing vacancy rate in Fairburn, Georgia is 7.0%, lower than the Georgia average of 10.3%.
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