Fannin County, Georgia Housing Market Prices
Fannin 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 69% above the Georgia median$434,538
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Median rent 35% below the Georgia median$899
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fannin County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $434,538 | $256,986 | $248,835 |
| Price Trend (Annual %) | 9.4% | 8.9% | 7.5% |
| Median Gross Rent | $899 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fannin County is about 69% higher than in Georgia. Rent is about 35% lower 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 Fannin County, up about 9.4% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Fannin County rose about 35.5% between 2015 and 2024, from $663 to $899. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 7.4 yearly household incomes in Fannin County.
Buying the median-priced home in Fannin County costs roughly 40.3 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 Fannin County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Fannin County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $434,538 | $256,986 | $248,835 |
| Median Household Income | $58,441 | $77,523 | $80,455 |
| Price-to-Income Ratio | 7.4 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fannin County rose about 92.5%, while median household income rose about 46.9% 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 | Fannin County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.5% | 58.9% | 58.5% |
| Rental Rate | 13.8% | 30.8% | 31.2% |
| Vacancy Rate | 35.7% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Fannin County has a homeownership rate of 50.5%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 35.7%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Fannin County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.15 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1994 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Fannin County was built around 1994. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Fannin County, GA Housing Compared With Nearby Counties
Fannin County, GA is the smallest of the 4 counties compared here, 25,731 residents against a local median of 32,422. Where Fannin County, GA breaks from the counties next to it is median home price, sitting 32% above the local median of $330,000 at $434,538.
The counties themselves spread $326,910 on median home price, so Fannin County, GA sits at one end of an already wide local range rather than apart from it. Fannin County, GA has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fannin County, GA | 25,731 | $434,538 #1/4 | $899 #3/4 | 78.6% #4/4 |
| Gilmer County, GA | 32,422 | $9,882 | $997 | 80.7% |
| Union County, GA | 26,304 | $336,792 | $807 | 84.4% |
| Pickens County, GA | 34,951 | $330,000 | $1,135 | 81.2% |
Frequently Asked Questions
Common questions about the housing market in Fannin County, Georgia.
What is the median home price in Fannin County, Georgia?
The median home price in Fannin County, Georgia is $434,538, higher than the Georgia average of $256,986.
What is the average home price in Fannin County, Georgia?
The typical home price in Fannin County, Georgia, reported as the median sale price, is $434,538. 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 Fannin County, Georgia?
The median gross rent in Fannin County, Georgia is $899 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Fannin County in 2020?
In 2020, the median gross rent in Fannin County, Georgia was $679 per month.
What is the price-to-rent ratio in Fannin County, Georgia?
The price-to-rent ratio in Fannin County, Georgia is about 40.3, meaning it would take roughly 40.3 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 Fannin County.
Are home prices or rent rising faster in Fannin County, Georgia?
Both home prices and rent are rising in Fannin County, up about 9.4% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fannin County, Georgia?
50.5% of households in Fannin County, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Fannin County, Georgia?
The housing vacancy rate in Fannin County, Georgia is 35.7%, higher than the Georgia average of 10.3%.
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