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 | Long County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,749 | $238,631 | $242,182 |
| Price Trend (Annual %) | 36.7% | 9.0% | 8.2% |
| Median Gross Rent | $930 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Long County is about 67% lower than in Georgia. Rent is about 29% 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 Long County, up about 36.7% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Long County rose about 28.5% between 2015 and 2023, from $724 to $930. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Long County.
Buying the median-priced home in Long County costs roughly 7.1 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 Long County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Long County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,749 | $238,631 | $242,182 |
| Median Household Income | $65,310 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.2 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Long County fell about 27.8%, while median household income rose about 54.8% 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 | Long County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.9% | 58.4% | 58.2% |
| Rental Rate | 32.5% | 31.0% | 31.3% |
| Vacancy Rate | 11.6% | 10.6% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Long County has a homeownership rate of 55.9%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 11.6%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Long County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.96 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1993 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Long County was built around 1993. On average, 3.0 people live in a home with about 5.8 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Long County, Georgia.
What is the median home price in Long County, Georgia?
The median home price in Long County, Georgia is $79,749, lower than the Georgia average of $238,631.
What is the average home price in Long 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 Long County, Georgia?
The median gross rent in Long County, Georgia is $930 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Long County in 2020?
In 2020, the median gross rent in Long County, Georgia was $776 per month.
What is the price-to-rent ratio in Long County, Georgia?
The price-to-rent ratio in Long County, Georgia is about 7.1, meaning it would take roughly 7.1 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 Long County.
Are home prices or rent rising faster in Long County, Georgia?
Both home prices and rent are rising in Long County, up about 36.7% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Long County, Georgia?
55.9% of households in Long County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Long County, Georgia?
The housing vacancy rate in Long County, Georgia is 11.6%, higher than the Georgia average of 10.6%.