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.
Housing Market Overview
| Metric | Johns Creek | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $377,445 | $238,631 | $242,182 |
| Price Trend (Annual %) | 15.9% | 9.0% | 8.2% |
| Median Gross Rent | $2,173 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 7.5% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Johns Creek is about 58% higher than in Georgia. Rent is about 66% higher 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 Johns Creek, up about 15.9% and 7.5% a year respectively. Home prices are changing faster.
Median rent in Johns Creek rose about 71.9% between 2015 and 2023, from $1,264 to $2,173. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Johns Creek.
Buying the median-priced home in Johns Creek costs roughly 14.5 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 Johns Creek. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Johns Creek | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $377,445 | $238,631 | $242,182 |
| Median Household Income | $162,311 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Johns Creek rose about 19.9%, while median household income rose about 52.3% 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 | Johns Creek | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.5% | 58.4% | 58.2% |
| Rental Rate | 19.3% | 31.0% | 31.3% |
| Vacancy Rate | 3.2% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Johns Creek has a homeownership rate of 77.5%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 3.2%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Johns Creek | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1996 | 1989 | 1978 |
| Median Number of Rooms | 8.1 | 5.9 | 5.5 |
The typical housing unit in Johns Creek was built around 1996. On average, 2.9 people live in a home with about 8.1 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Johns Creek, Georgia.
What is the median home price in Johns Creek, Georgia?
The median home price in Johns Creek, Georgia is $377,445, higher than the Georgia average of $238,631.
What is the average home price in Johns Creek, 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 Johns Creek, Georgia?
The median gross rent in Johns Creek, Georgia is $2,173 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Johns Creek in 2020?
In 2020, the median gross rent in Johns Creek, Georgia was $1,699 per month.
What is the price-to-rent ratio in Johns Creek, Georgia?
The price-to-rent ratio in Johns Creek, Georgia is about 14.5, meaning it would take roughly 14.5 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 Johns Creek.
Are home prices or rent rising faster in Johns Creek, Georgia?
Both home prices and rent are rising in Johns Creek, up about 15.9% and 7.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Johns Creek, Georgia?
77.5% of households in Johns Creek, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Johns Creek, Georgia?
The housing vacancy rate in Johns Creek, Georgia is 3.2%, lower than the Georgia average of 10.6%.