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 | Hart County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $311,111 | $238,631 | $242,182 |
| Price Trend (Annual %) | 0.0% | 9.0% | 8.2% |
| Median Gross Rent | $814 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hart County is about 30% higher than in Georgia. Rent is about 38% 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 Hart County, up about 0.0% and 4.6% a year respectively. Rent is changing faster.
Median rent in Hart County rose about 37.7% between 2015 and 2023, from $591 to $814. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in Hart County.
Buying the median-priced home in Hart County costs roughly 31.8 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 Hart County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Hart County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $311,111 | $238,631 | $242,182 |
| Median Household Income | $57,757 | $74,683 | $78,145 |
| Price-to-Income Ratio | 5.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Hart County rose about 202.0%, while median household income rose about 51.3% 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 | Hart County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.8% | 58.4% | 58.2% |
| Rental Rate | 20.2% | 31.0% | 31.3% |
| Vacancy Rate | 19.0% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Hart County has a homeownership rate of 60.8%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 19.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Hart County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Hart County was built around 1984. On average, 2.4 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 Hart County, Georgia.
What is the median home price in Hart County, Georgia?
The median home price in Hart County, Georgia is $311,111, higher than the Georgia average of $238,631.
What is the average home price in Hart 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 Hart County, Georgia?
The median gross rent in Hart County, Georgia is $814 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Hart County in 2020?
In 2020, the median gross rent in Hart County, Georgia was $710 per month.
What is the price-to-rent ratio in Hart County, Georgia?
The price-to-rent ratio in Hart County, Georgia is about 31.8, meaning it would take roughly 31.8 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 Hart County.
Are home prices or rent rising faster in Hart County, Georgia?
Both home prices and rent are rising in Hart County, up about 0.0% and 4.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Hart County, Georgia?
60.8% of households in Hart County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Hart County, Georgia?
The housing vacancy rate in Hart County, Georgia is 19.0%, higher than the Georgia average of 10.6%.