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 | Gordon County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $173,197 | $238,631 | $242,182 |
| Price Trend (Annual %) | 10.9% | 9.0% | 8.2% |
| Median Gross Rent | $871 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gordon County is about 27% lower than in Georgia. Rent is about 33% 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 Gordon County, up about 10.9% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Gordon County rose about 33.0% between 2015 and 2023, from $655 to $871. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Gordon County.
Buying the median-priced home in Gordon County costs roughly 16.6 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 Gordon County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Gordon County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $173,197 | $238,631 | $242,182 |
| Median Household Income | $62,719 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Gordon County rose about 61.4%, while median household income rose about 55.8% 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 | Gordon County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.2% | 58.4% | 58.2% |
| Rental Rate | 24.6% | 31.0% | 31.3% |
| Vacancy Rate | 10.2% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Gordon County has a homeownership rate of 65.2%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 10.2%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Gordon County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1988 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Gordon County was built around 1988. On average, 2.8 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Gordon County, Georgia.
What is the median home price in Gordon County, Georgia?
The median home price in Gordon County, Georgia is $173,197, lower than the Georgia average of $238,631.
What is the average home price in Gordon 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 Gordon County, Georgia?
The median gross rent in Gordon County, Georgia is $871 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Gordon County in 2020?
In 2020, the median gross rent in Gordon County, Georgia was $737 per month.
What is the price-to-rent ratio in Gordon County, Georgia?
The price-to-rent ratio in Gordon County, Georgia is about 16.6, meaning it would take roughly 16.6 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 Gordon County.
Are home prices or rent rising faster in Gordon County, Georgia?
Both home prices and rent are rising in Gordon County, up about 10.9% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gordon County, Georgia?
65.2% of households in Gordon County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Gordon County, Georgia?
The housing vacancy rate in Gordon County, Georgia is 10.2%, lower than the Georgia average of 10.6%.