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 | Jackson County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,175 | $238,631 | $242,182 |
| Price Trend (Annual %) | 10.4% | 9.0% | 8.2% |
| Median Gross Rent | $1,047 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jackson County is about 13% higher than in Georgia. Rent is about 20% 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 Jackson County, up about 10.4% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Jackson County rose about 34.8% between 2015 and 2023, from $777 to $1,047. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Jackson County.
Buying the median-priced home in Jackson County costs roughly 21.5 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 Jackson County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Jackson County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,175 | $238,631 | $242,182 |
| Median Household Income | $84,720 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.2 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jackson County rose about 115.2%, while median household income rose about 77.1% 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 | Jackson County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.2% | 58.4% | 58.2% |
| Rental Rate | 18.6% | 31.0% | 31.3% |
| Vacancy Rate | 8.2% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Jackson County has a homeownership rate of 73.2%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 8.2%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Jackson County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.96 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1997 | 1989 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in Jackson County was built around 1997. On average, 3.0 people live in a home with about 6.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jackson County, Georgia.
What is the median home price in Jackson County, Georgia?
The median home price in Jackson County, Georgia is $270,175, higher than the Georgia average of $238,631.
What is the average home price in Jackson 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 Jackson County, Georgia?
The median gross rent in Jackson County, Georgia is $1,047 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Jackson County in 2020?
In 2020, the median gross rent in Jackson County, Georgia was $853 per month.
What is the price-to-rent ratio in Jackson County, Georgia?
The price-to-rent ratio in Jackson County, Georgia is about 21.5, meaning it would take roughly 21.5 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 Jackson County.
Are home prices or rent rising faster in Jackson County, Georgia?
Both home prices and rent are rising in Jackson County, up about 10.4% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jackson County, Georgia?
73.2% of households in Jackson County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Jackson County, Georgia?
The housing vacancy rate in Jackson County, Georgia is 8.2%, lower than the Georgia average of 10.6%.