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 | Marietta | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $468,766 | $238,631 | $242,182 |
| Price Trend (Annual %) | 12.2% | 9.0% | 8.2% |
| Median Gross Rent | $1,488 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 6.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marietta is about 96% higher than in Georgia. Rent is about 14% 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 Marietta, up about 12.2% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Marietta rose about 62.5% between 2015 and 2023, from $916 to $1,488. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 6.6 yearly household incomes in Marietta.
Buying the median-priced home in Marietta costs roughly 26.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Marietta. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Marietta | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $468,766 | $238,631 | $242,182 |
| Median Household Income | $70,570 | $74,683 | $78,145 |
| Price-to-Income Ratio | 6.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Marietta rose about 119.4%, while median household income rose about 54.0% 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 | Marietta | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.0% | 58.4% | 58.2% |
| Rental Rate | 49.9% | 31.0% | 31.3% |
| Vacancy Rate | 8.1% | 10.6% | 10.6% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Marietta has a homeownership rate of 42.0%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 8.1%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Marietta | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1983 | 1989 | 1978 |
| Median Number of Rooms | 5.0 | 5.9 | 5.5 |
The typical housing unit in Marietta was built around 1983. On average, 2.4 people live in a home with about 5.0 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Marietta, Georgia.
What is the median home price in Marietta, Georgia?
The median home price in Marietta, Georgia is $468,766, higher than the Georgia average of $238,631.
What is the average home price in Marietta, 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 Marietta, Georgia?
The median gross rent in Marietta, Georgia is $1,488 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Marietta in 2020?
In 2020, the median gross rent in Marietta, Georgia was $1,139 per month.
What is the price-to-rent ratio in Marietta, Georgia?
The price-to-rent ratio in Marietta, Georgia is about 26.3, meaning it would take roughly 26.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Marietta.
Are home prices or rent rising faster in Marietta, Georgia?
Both home prices and rent are rising in Marietta, up about 12.2% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marietta, Georgia?
42.0% of households in Marietta, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Marietta, Georgia?
The housing vacancy rate in Marietta, Georgia is 8.1%, lower than the Georgia average of 10.6%.