Grady County, Georgia Housing Market Prices
Grady 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 38% below the Georgia median$158,593
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Median rent 44% below the Georgia median Cheaper than 74% of counties in Georgia$779
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grady County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $158,593 | $256,986 | $248,835 |
| Price Trend (Annual %) | 7.2% | 8.9% | 7.5% |
| Median Gross Rent | $779 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 0.7% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grady County is about 38% lower than in Georgia. Rent is about 44% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Grady County, up about 7.2% and 0.7% a year respectively. Home prices are changing faster.
Median rent in Grady County rose about 7.2% between 2015 and 2024, from $726 to $779. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Grady County.
Buying the median-priced home in Grady County costs roughly 17.0 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 Grady County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Grady County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $158,593 | $256,986 | $248,835 |
| Median Household Income | $59,303 | $77,523 | $80,455 |
| Price-to-Income Ratio | 2.7 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Grady County rose about 102.3%, while median household income rose about 59.7% 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 | Grady County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.4% | 58.9% | 58.5% |
| Rental Rate | 29.4% | 30.8% | 31.2% |
| Vacancy Rate | 13.2% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Grady County has a homeownership rate of 57.4%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 13.2%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Grady County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1987 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Grady County was built around 1987. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Grady County, GA Housing Compared With Nearby Counties
Grady County, GA is the smallest of the 5 counties compared here, 26,108 residents against a local median of 44,743. Where Grady County, GA breaks from the counties next to it is median home price, sitting 44% below the local median of $284,027 at $158,593.
Median rent tells the same story from another angle: $779 against a local median of $934, 17% below it. The counties themselves spread $357,603 on median home price, so Grady County, GA sits at one end of an already wide local range rather than apart from it. Grady County, GA has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grady County, GA | 26,108 | $158,593 #5/5 | $779 #5/5 | 66.1% #2/5 |
| Thomas County, GA | 45,777 | $251,563 | $1,018 | 63.8% |
| Decatur County, GA | 29,195 | $577,247 | $838 | 62.1% |
| Leon County, FL | 297,542 | $219,644 | $1,291 | 52.6% |
| Gadsden County, FL | 43,710 | $316,492 | $850 | 70.7% |
Frequently Asked Questions
Common questions about the housing market in Grady County, Georgia.
What is the median home price in Grady County, Georgia?
The median home price in Grady County, Georgia is $158,593, lower than the Georgia average of $256,986.
What is the average home price in Grady County, Georgia?
The typical home price in Grady County, Georgia, reported as the median sale price, is $158,593. 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 Grady County, Georgia?
The median gross rent in Grady County, Georgia is $779 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Grady County in 2020?
In 2020, the median gross rent in Grady County, Georgia was $739 per month.
What is the price-to-rent ratio in Grady County, Georgia?
The price-to-rent ratio in Grady County, Georgia is about 17.0, meaning it would take roughly 17.0 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 Grady County.
Are home prices or rent rising faster in Grady County, Georgia?
Both home prices and rent are rising in Grady County, up about 7.2% and 0.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grady County, Georgia?
57.4% of households in Grady County, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Grady County, Georgia?
The housing vacancy rate in Grady County, Georgia is 13.2%, higher than the Georgia average of 10.3%.
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