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 | Liberty County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $128,226 | $238,631 | $242,182 |
| Price Trend (Annual %) | 4.1% | 9.0% | 8.2% |
| Median Gross Rent | $1,203 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 2.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Liberty County is about 46% lower than in Georgia. Rent is about 8% 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 Liberty County, up about 4.1% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Liberty County rose about 25.6% between 2015 and 2023, from $958 to $1,203. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Liberty County.
Buying the median-priced home in Liberty County costs roughly 8.9 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 Liberty County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Liberty County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $128,226 | $238,631 | $242,182 |
| Median Household Income | $59,026 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.2 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Liberty County rose about 19.3%, while median household income rose about 43.6% 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 | Liberty County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.9% | 58.4% | 58.2% |
| Rental Rate | 43.0% | 31.0% | 31.3% |
| Vacancy Rate | 14.0% | 10.6% | 10.6% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Liberty County has a homeownership rate of 42.9%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 14.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Liberty County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.75 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1996 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Liberty County was built around 1996. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Liberty County, Georgia.
What is the median home price in Liberty County, Georgia?
The median home price in Liberty County, Georgia is $128,226, lower than the Georgia average of $238,631.
What is the average home price in Liberty 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 Liberty County, Georgia?
The median gross rent in Liberty County, Georgia is $1,203 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Liberty County in 2020?
In 2020, the median gross rent in Liberty County, Georgia was $1,063 per month.
What is the price-to-rent ratio in Liberty County, Georgia?
The price-to-rent ratio in Liberty County, Georgia is about 8.9, meaning it would take roughly 8.9 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 Liberty County.
Are home prices or rent rising faster in Liberty County, Georgia?
Both home prices and rent are rising in Liberty County, up about 4.1% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Liberty County, Georgia?
42.9% of households in Liberty County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Liberty County, Georgia?
The housing vacancy rate in Liberty County, Georgia is 14.0%, higher than the Georgia average of 10.6%.