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 | Lanier County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $238,631 | $242,182 |
| Price Trend (Annual %) | 16.2% | 9.0% | 8.2% |
| Median Gross Rent | $877 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lanier County is about 53% lower than in Georgia. Rent is about 33% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Lanier County, up about 16.2% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Lanier County rose about 38.6% between 2015 and 2023, from $633 to $877. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Lanier County.
Buying the median-priced home in Lanier County costs roughly 10.7 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 Lanier County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Lanier County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $238,631 | $242,182 |
| Median Household Income | $44,163 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Lanier County rose about 0.0%, while median household income rose about 28.6% 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 | Lanier County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.8% | 58.4% | 58.2% |
| Rental Rate | 23.5% | 31.0% | 31.3% |
| Vacancy Rate | 16.7% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Lanier County has a homeownership rate of 59.8%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 16.7%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Lanier County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1993 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Lanier County was built around 1993. On average, 2.8 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lanier County, Georgia.
What is the median home price in Lanier County, Georgia?
The median home price in Lanier County, Georgia is $112,500, lower than the Georgia average of $238,631.
What is the average home price in Lanier 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 Lanier County, Georgia?
The median gross rent in Lanier County, Georgia is $877 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Lanier County in 2020?
In 2020, the median gross rent in Lanier County, Georgia was $733 per month.
What is the price-to-rent ratio in Lanier County, Georgia?
The price-to-rent ratio in Lanier County, Georgia is about 10.7, meaning it would take roughly 10.7 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 Lanier County.
Are home prices or rent rising faster in Lanier County, Georgia?
Both home prices and rent are rising in Lanier County, up about 16.2% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lanier County, Georgia?
59.8% of households in Lanier County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Lanier County, Georgia?
The housing vacancy rate in Lanier County, Georgia is 16.7%, higher than the Georgia average of 10.6%.