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 | Heard County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $238,631 | $242,182 |
| Price Trend (Annual %) | 49.6% | 9.0% | 8.2% |
| Median Gross Rent | $855 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 2.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Heard County is about 15% higher than in Georgia. Rent is about 35% 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 Heard County, up about 49.6% and 2.3% a year respectively. Home prices are changing faster.
Median rent in Heard County rose about 12.9% between 2015 and 2023, from $757 to $855. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Heard County.
Buying the median-priced home in Heard County costs roughly 26.8 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 Heard County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Heard County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $238,631 | $242,182 |
| Median Household Income | $62,694 | $74,683 | $78,145 |
| Price-to-Income Ratio | 4.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Heard County rose about 293.9%, while median household income rose about 54.7% 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 | Heard County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.2% | 58.4% | 58.2% |
| Rental Rate | 25.3% | 31.0% | 31.3% |
| Vacancy Rate | 9.5% | 10.6% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Heard County has a homeownership rate of 65.2%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 9.5%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Heard County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Heard County was built around 1986. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Heard County, Georgia.
What is the median home price in Heard County, Georgia?
The median home price in Heard County, Georgia is $275,000, higher than the Georgia average of $238,631.
What is the average home price in Heard 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 Heard County, Georgia?
The median gross rent in Heard County, Georgia is $855 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Heard County in 2020?
In 2020, the median gross rent in Heard County, Georgia was $694 per month.
What is the price-to-rent ratio in Heard County, Georgia?
The price-to-rent ratio in Heard County, Georgia is about 26.8, meaning it would take roughly 26.8 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 Heard County.
Are home prices or rent rising faster in Heard County, Georgia?
Both home prices and rent are rising in Heard County, up about 49.6% and 2.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Heard County, Georgia?
65.2% of households in Heard County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Heard County, Georgia?
The housing vacancy rate in Heard County, Georgia is 9.5%, lower than the Georgia average of 10.6%.