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 | Jenkins County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,999 | $238,631 | $242,182 |
| Price Trend (Annual %) | 4.7% | 9.0% | 8.2% |
| Median Gross Rent | $544 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 1.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jenkins County is about 67% lower than in Georgia. Rent is about 58% 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 Jenkins County, up about 4.7% and 1.4% a year respectively. Home prices are changing faster.
Median rent in Jenkins County rose about 7.0% between 2015 and 2023, from $508 to $544. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Jenkins County.
Buying the median-priced home in Jenkins County costs roughly 12.0 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 Jenkins County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Jenkins County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,999 | $238,631 | $242,182 |
| Median Household Income | $36,844 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Jenkins County rose about 38.8%, while median household income rose about 40.0% 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 | Jenkins County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.5% | 58.4% | 58.2% |
| Rental Rate | 8.7% | 31.0% | 31.3% |
| Vacancy Rate | 30.7% | 10.6% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Jenkins County has a homeownership rate of 60.5%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 30.7%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Jenkins County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Jenkins County was built around 1981. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jenkins County, Georgia.
What is the median home price in Jenkins County, Georgia?
The median home price in Jenkins County, Georgia is $77,999, lower than the Georgia average of $238,631.
What is the average home price in Jenkins 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 Jenkins County, Georgia?
The median gross rent in Jenkins County, Georgia is $544 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Jenkins County in 2020?
In 2020, the median gross rent in Jenkins County, Georgia was $574 per month.
What is the price-to-rent ratio in Jenkins County, Georgia?
The price-to-rent ratio in Jenkins County, Georgia is about 12.0, meaning it would take roughly 12.0 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 Jenkins County.
Are home prices or rent rising faster in Jenkins County, Georgia?
Both home prices and rent are rising in Jenkins County, up about 4.7% and 1.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jenkins County, Georgia?
60.5% of households in Jenkins County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Jenkins County, Georgia?
The housing vacancy rate in Jenkins County, Georgia is 30.7%, higher than the Georgia average of 10.6%.