LaGrange, Georgia Housing Market Prices
LaGrange Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 62% below the Georgia median$97,809
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Median rent 25% below the Georgia median$1,045
Housing Market Overview
| Metric | LaGrange | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,809 | $256,986 | $248,835 |
| Price Trend (Annual %) | -1.3% | 8.9% | 7.5% |
| Median Gross Rent | $1,045 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in LaGrange is about 62% lower than in Georgia. Rent is about 25% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in LaGrange: home prices fell about 1.3% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
Median rent in LaGrange rose about 41.6% between 2015 and 2024, from $738 to $1,045. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in LaGrange.
Buying the median-priced home in LaGrange costs roughly 7.8 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 LaGrange. The price-to-rent ratio in Georgia is about 15.4.
| Metric | LaGrange | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,809 | $256,986 | $248,835 |
| Median Household Income | $47,165 | $77,523 | $80,455 |
| Price-to-Income Ratio | 2.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in LaGrange fell about 53.6%, while median household income rose about 24.7% between 2009 and 2025 — 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 | LaGrange | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.8% | 58.9% | 58.5% |
| Rental Rate | 50.4% | 30.8% | 31.2% |
| Vacancy Rate | 8.8% | 10.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
LaGrange has a homeownership rate of 40.8%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 8.8%, compared with 10.3% in Georgia.
Housing Stock
| Metric | LaGrange | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1977 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in LaGrange was built around 1977. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in LaGrange, Georgia.
What is the median home price in LaGrange, Georgia?
The median home price in LaGrange, Georgia is $97,809, lower than the Georgia average of $256,986.
What is the average home price in LaGrange, Georgia?
The typical home price in LaGrange, Georgia, reported as the median sale price, is $97,809. 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 LaGrange, Georgia?
The median gross rent in LaGrange, Georgia is $1,045 per month, lower than the Georgia average of $1,392.
What was the median gross rent in LaGrange in 2020?
In 2020, the median gross rent in LaGrange, Georgia was $834 per month.
What is the price-to-rent ratio in LaGrange, Georgia?
The price-to-rent ratio in LaGrange, Georgia is about 7.8, meaning it would take roughly 7.8 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 LaGrange.
Are home prices or rent rising faster in LaGrange, Georgia?
Home prices and rent are moving in opposite directions in LaGrange: home prices fell about 1.3% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in LaGrange, Georgia?
40.8% of households in LaGrange, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in LaGrange, Georgia?
The housing vacancy rate in LaGrange, Georgia is 8.8%, lower than the Georgia average of 10.3%.
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