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 | Jefferson County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,428 | $238,631 | $242,182 |
| Price Trend (Annual %) | 29.5% | 9.0% | 8.2% |
| Median Gross Rent | $723 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jefferson County is about 39% lower than in Georgia. Rent is about 45% 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 Jefferson County, up about 29.5% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Jefferson County rose about 35.6% between 2015 and 2023, from $533 to $723. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Jefferson County.
Buying the median-priced home in Jefferson County costs roughly 16.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Jefferson County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Jefferson County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,428 | $238,631 | $242,182 |
| Median Household Income | $47,397 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jefferson County rose about 283.1%, while median household income rose about 63.2% 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 | Jefferson County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.3% | 58.4% | 58.2% |
| Rental Rate | 26.2% | 31.0% | 31.3% |
| Vacancy Rate | 18.5% | 10.6% | 10.6% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Jefferson County has a homeownership rate of 55.3%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 18.5%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Jefferson County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1982 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Jefferson County was built around 1982. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jefferson County, Georgia.
What is the median home price in Jefferson County, Georgia?
The median home price in Jefferson County, Georgia is $146,428, lower than the Georgia average of $238,631.
What is the average home price in Jefferson 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 Jefferson County, Georgia?
The median gross rent in Jefferson County, Georgia is $723 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Jefferson County in 2020?
In 2020, the median gross rent in Jefferson County, Georgia was $575 per month.
What is the price-to-rent ratio in Jefferson County, Georgia?
The price-to-rent ratio in Jefferson County, Georgia is about 16.9, meaning it would take roughly 16.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Jefferson County.
Are home prices or rent rising faster in Jefferson County, Georgia?
Both home prices and rent are rising in Jefferson County, up about 29.5% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jefferson County, Georgia?
55.3% of households in Jefferson County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Jefferson County, Georgia?
The housing vacancy rate in Jefferson County, Georgia is 18.5%, higher than the Georgia average of 10.6%.