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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Glynn County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $256,662 | $238,631 | $242,182 |
| Price Trend (Annual %) | 11.9% | 9.0% | 8.2% |
| Median Gross Rent | $1,060 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Glynn County is about 8% higher than in Georgia. Rent is about 19% lower 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 Glynn County, up about 11.9% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Glynn County rose about 28.1% between 2015 and 2023, from $827 to $1,060. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Glynn County.
Buying the median-priced home in Glynn County costs roughly 20.2 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 Glynn County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Glynn County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $256,662 | $238,631 | $242,182 |
| Median Household Income | $68,714 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Glynn County rose about 56.0%, while median household income rose about 40.6% 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 | Glynn County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.1% | 58.4% | 58.2% |
| Rental Rate | 26.6% | 31.0% | 31.3% |
| Vacancy Rate | 19.3% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Glynn County has a homeownership rate of 54.1%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 19.3%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Glynn County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Glynn County was built around 1986. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Glynn County, Georgia.
What is the median home price in Glynn County, Georgia?
The median home price in Glynn County, Georgia is $256,662, higher than the Georgia average of $238,631.
What is the average home price in Glynn County, 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 Glynn County, Georgia?
The median gross rent in Glynn County, Georgia is $1,060 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Glynn County in 2020?
In 2020, the median gross rent in Glynn County, Georgia was $898 per month.
What is the price-to-rent ratio in Glynn County, Georgia?
The price-to-rent ratio in Glynn County, Georgia is about 20.2, meaning it would take roughly 20.2 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 Glynn County.
Are home prices or rent rising faster in Glynn County, Georgia?
Both home prices and rent are rising in Glynn County, up about 11.9% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Glynn County, Georgia?
54.1% of households in Glynn County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Glynn County, Georgia?
The housing vacancy rate in Glynn County, Georgia is 19.3%, higher than the Georgia average of 10.6%.