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 | Mableton | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $250,567 | $238,631 | $242,182 |
| Price Trend (Annual %) | 18.8% | 9.0% | 8.2% |
| Median Gross Rent | $1,392 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 6.1% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mableton is about 5% higher than in Georgia. Rent is about 7% 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 Mableton, up about 18.8% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Mableton rose about 53.7% between 2015 and 2023, from $906 to $1,392. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Mableton.
Buying the median-priced home in Mableton costs roughly 15.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mableton. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Mableton | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $250,567 | $238,631 | $242,182 |
| Median Household Income | $76,914 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Mableton rose about 98.7%, while median household income rose about 42.7% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mableton | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.9% | 58.4% | 58.2% |
| Rental Rate | 31.7% | 31.0% | 31.3% |
| Vacancy Rate | 8.4% | 10.6% | 10.6% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Mableton has a homeownership rate of 59.9%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 8.4%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Mableton | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.65 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1988 | 1989 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Mableton was built around 1988. On average, 2.7 people live in a home with about 6.0 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mableton, Georgia.
What is the median home price in Mableton, Georgia?
The median home price in Mableton, Georgia is $250,567, higher than the Georgia average of $238,631.
What is the average home price in Mableton, 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 Mableton, Georgia?
The median gross rent in Mableton, Georgia is $1,392 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Mableton in 2020?
In 2020, the median gross rent in Mableton, Georgia was $1,101 per month.
What is the price-to-rent ratio in Mableton, Georgia?
The price-to-rent ratio in Mableton, Georgia is about 15.0, meaning it would take roughly 15.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mableton.
Are home prices or rent rising faster in Mableton, Georgia?
Both home prices and rent are rising in Mableton, up about 18.8% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mableton, Georgia?
59.9% of households in Mableton, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Mableton, Georgia?
The housing vacancy rate in Mableton, Georgia is 8.4%, lower than the Georgia average of 10.6%.