Fayette County, Georgia Housing Market Prices
Fayette 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 34% above the Georgia median More expensive than 87% of counties in Georgia$344,769
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Median rent 36% above the Georgia median Among the 3 most expensive counties in Georgia$1,897
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fayette County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $344,769 | $256,986 | $248,835 |
| Price Trend (Annual %) | 12.0% | 8.9% | 7.5% |
| Median Gross Rent | $1,897 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fayette County is about 34% higher than in Georgia. Rent is about 36% 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 Fayette County, up about 12.0% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Fayette County rose about 73.1% between 2015 and 2024, from $1,096 to $1,897. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Fayette County.
Buying the median-priced home in Fayette County costs roughly 15.1 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 Fayette County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Fayette County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $344,769 | $256,986 | $248,835 |
| Median Household Income | $112,731 | $77,523 | $80,455 |
| Price-to-Income Ratio | 3.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fayette County rose about 121.8%, while median household income rose about 34.8% 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 | Fayette County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.9% | 58.9% | 58.5% |
| Rental Rate | 19.1% | 30.8% | 31.2% |
| Vacancy Rate | 4.0% | 10.3% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Fayette County has a homeownership rate of 76.9%, higher than the Georgia average of 58.9%. Its housing vacancy rate is 4.0%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Fayette County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1995 | 1990 | 1978 |
| Median Number of Rooms | 7.5 | 5.9 | 5.5 |
The typical housing unit in Fayette County was built around 1995. On average, 2.7 people live in a home with about 7.5 rooms, staying for about 15.0 years on average.
Fayette County, GA Housing Compared With Nearby Counties
Fayette County, GA is the 4th largest of the 6 counties compared here, 122,264 residents against a local median of 152,860. The measure that sets Fayette County, GA apart most is median home price: $344,769, 64% above the local median of $210,294.
Median rent tells the same story from another angle: $1,897 against a local median of $1,432, 32% above it. The counties themselves spread $256,982 on median home price, so Fayette County, GA sits at one end of an already wide local range rather than apart from it. Fayette County, GA has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fayette County, GA | 122,264 | $344,769 #1/6 | $1,897 #1/6 | 80.1% #2/6 |
| Clayton County, GA | 298,922 | $196,599 | $1,432 | 54.5% |
| Spalding County, GA | 68,892 | $210,294 | $1,112 | 62.7% |
| Coweta County, GA | 152,860 | $326,072 | $1,487 | 78.4% |
| Pike County, GA | 19,903 | $69,090 | $992 | 84.6% |
| Henry County, GA | 249,959 | $285,266 | $1,674 | 74.9% |
Frequently Asked Questions
Common questions about the housing market in Fayette County, Georgia.
What is the median home price in Fayette County, Georgia?
The median home price in Fayette County, Georgia is $344,769, higher than the Georgia average of $256,986.
What is the average home price in Fayette County, Georgia?
The typical home price in Fayette County, Georgia, reported as the median sale price, is $344,769. 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 Fayette County, Georgia?
The median gross rent in Fayette County, Georgia is $1,897 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Fayette County in 2020?
In 2020, the median gross rent in Fayette County, Georgia was $1,396 per month.
What is the price-to-rent ratio in Fayette County, Georgia?
The price-to-rent ratio in Fayette County, Georgia is about 15.1, meaning it would take roughly 15.1 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 Fayette County.
Are home prices or rent rising faster in Fayette County, Georgia?
Both home prices and rent are rising in Fayette County, up about 12.0% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fayette County, Georgia?
76.9% of households in Fayette County, Georgia own their home, higher than the Georgia average of 58.9%.
What is the vacancy rate in Fayette County, Georgia?
The housing vacancy rate in Fayette County, Georgia is 4.0%, lower than the Georgia average of 10.3%.
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