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 | Harris County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $165,561 | $238,631 | $242,182 |
| Price Trend (Annual %) | -0.9% | 9.0% | 8.2% |
| Median Gross Rent | $941 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 1.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Harris County is about 31% lower 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
Home prices and rent are moving in opposite directions in Harris County: home prices fell about 0.9% a year while rent rose about 1.2% a year. That is an unusual pattern worth watching.
Median rent in Harris County rose about 8.4% between 2015 and 2023, from $867 to $941. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Harris County.
Buying the median-priced home in Harris County costs roughly 14.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Harris County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Harris County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $165,561 | $238,631 | $242,182 |
| Median Household Income | $90,859 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Harris County fell about 43.2%, while median household income rose about 44.9% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Harris County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.9% | 58.4% | 58.2% |
| Rental Rate | 10.2% | 31.0% | 31.3% |
| Vacancy Rate | 12.9% | 10.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Harris County has a homeownership rate of 76.9%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 12.9%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Harris County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1994 | 1989 | 1978 |
| Median Number of Rooms | 6.9 | 5.9 | 5.5 |
The typical housing unit in Harris County was built around 1994. On average, 2.8 people live in a home with about 6.9 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Harris County, Georgia.
What is the median home price in Harris County, Georgia?
The median home price in Harris County, Georgia is $165,561, lower than the Georgia average of $238,631.
What is the average home price in Harris 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 Harris County, Georgia?
The median gross rent in Harris County, Georgia is $941 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Harris County in 2020?
In 2020, the median gross rent in Harris County, Georgia was $873 per month.
What is the price-to-rent ratio in Harris County, Georgia?
The price-to-rent ratio in Harris County, Georgia is about 14.7, meaning it would take roughly 14.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Harris County.
Are home prices or rent rising faster in Harris County, Georgia?
Home prices and rent are moving in opposite directions in Harris County: home prices fell about 0.9% a year while rent rose about 1.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Harris County, Georgia?
76.9% of households in Harris County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Harris County, Georgia?
The housing vacancy rate in Harris County, Georgia is 12.9%, higher than the Georgia average of 10.6%.