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 | Greene County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $870,000 | $238,631 | $242,182 |
| Price Trend (Annual %) | 39.2% | 9.0% | 8.2% |
| Median Gross Rent | $935 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greene County is about 265% higher than in Georgia. Rent is about 28% 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 Greene County, up about 39.2% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Greene County rose about 47.3% between 2015 and 2023, from $635 to $935. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 10.6 yearly household incomes in Greene County.
Buying the median-priced home in Greene County costs roughly 77.5 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 Greene County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Greene County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $870,000 | $238,631 | $242,182 |
| Median Household Income | $82,305 | $74,683 | $78,145 |
| Price-to-Income Ratio | 10.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Greene County rose about 285.6%, while median household income rose about 113.7% 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 | Greene County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.1% | 58.4% | 58.2% |
| Rental Rate | 15.6% | 31.0% | 31.3% |
| Vacancy Rate | 25.3% | 10.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Greene County has a homeownership rate of 59.1%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 25.3%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Greene County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1993 | 1989 | 1978 |
| Median Number of Rooms | 6.4 | 5.9 | 5.5 |
The typical housing unit in Greene County was built around 1993. On average, 2.5 people live in a home with about 6.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Greene County, Georgia.
What is the median home price in Greene County, Georgia?
The median home price in Greene County, Georgia is $870,000, higher than the Georgia average of $238,631.
What is the average home price in Greene 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 Greene County, Georgia?
The median gross rent in Greene County, Georgia is $935 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Greene County in 2020?
In 2020, the median gross rent in Greene County, Georgia was $742 per month.
What is the price-to-rent ratio in Greene County, Georgia?
The price-to-rent ratio in Greene County, Georgia is about 77.5, meaning it would take roughly 77.5 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 Greene County.
Are home prices or rent rising faster in Greene County, Georgia?
Both home prices and rent are rising in Greene County, up about 39.2% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greene County, Georgia?
59.1% of households in Greene County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Greene County, Georgia?
The housing vacancy rate in Greene County, Georgia is 25.3%, higher than the Georgia average of 10.6%.