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 | Macon County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,294 | $238,631 | $242,182 |
| Price Trend (Annual %) | 5.5% | 9.0% | 8.2% |
| Median Gross Rent | $624 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 1.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Macon County is about 79% lower than in Georgia. Rent is about 52% 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 Macon County, up about 5.5% and 1.4% a year respectively. Home prices are changing faster.
Median rent in Macon County rose about 11.5% between 2015 and 2023, from $559 to $624. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Macon County.
Buying the median-priced home in Macon County costs roughly 6.6 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 Macon County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Macon County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,294 | $238,631 | $242,182 |
| Median Household Income | $36,915 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Macon County rose about 26.4%, while median household income rose about 31.5% 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 | Macon County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.1% | 58.4% | 58.2% |
| Rental Rate | 30.0% | 31.0% | 31.3% |
| Vacancy Rate | 22.9% | 10.6% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Macon County has a homeownership rate of 47.1%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 22.9%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Macon County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1980 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Macon County was built around 1980. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Macon County, Georgia.
What is the median home price in Macon County, Georgia?
The median home price in Macon County, Georgia is $49,294, lower than the Georgia average of $238,631.
What is the average home price in Macon 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 Macon County, Georgia?
The median gross rent in Macon County, Georgia is $624 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Macon County in 2020?
In 2020, the median gross rent in Macon County, Georgia was $582 per month.
What is the price-to-rent ratio in Macon County, Georgia?
The price-to-rent ratio in Macon County, Georgia is about 6.6, meaning it would take roughly 6.6 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 Macon County.
Are home prices or rent rising faster in Macon County, Georgia?
Both home prices and rent are rising in Macon County, up about 5.5% and 1.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Macon County, Georgia?
47.1% of households in Macon County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Macon County, Georgia?
The housing vacancy rate in Macon County, Georgia is 22.9%, higher than the Georgia average of 10.6%.