McDonough, Georgia Housing Market Prices
McDonough Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 34% above the Georgia median$344,053
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Median rent 26% above the Georgia median$1,748
Housing Market Overview
| Metric | McDonough | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $344,053 | $256,986 | $248,835 |
| Price Trend (Annual %) | 10.4% | 8.9% | 7.5% |
| Median Gross Rent | $1,748 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 7.4% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McDonough is about 34% higher than in Georgia. Rent is about 26% higher than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in McDonough, up about 10.4% and 7.4% a year respectively. Home prices are changing faster.
Median rent in McDonough rose about 79.4% between 2015 and 2024, from $974 to $1,748. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in McDonough.
Buying the median-priced home in McDonough costs roughly 16.4 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 McDonough. The price-to-rent ratio in Georgia is about 15.4.
| Metric | McDonough | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $344,053 | $256,986 | $248,835 |
| Median Household Income | $71,810 | $77,523 | $80,455 |
| Price-to-Income Ratio | 4.8 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in McDonough rose about 188.0%, while median household income rose about 19.9% between 2009 and 2025 — 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 | McDonough | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.8% | 58.9% | 58.5% |
| Rental Rate | 39.7% | 30.8% | 31.2% |
| Vacancy Rate | 6.5% | 10.3% | 10.2% |
| Median Tenure (years) | 9.0 | 14.0 | 15.0 |
| Median Year Moved In | 2017 | 2012 | 2011 |
McDonough has a homeownership rate of 53.8%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 6.5%, compared with 10.3% in Georgia.
Housing Stock
| Metric | McDonough | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 2000 | 1990 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in McDonough was built around 2000. On average, 2.8 people live in a home with about 5.9 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in McDonough, Georgia.
What is the median home price in McDonough, Georgia?
The median home price in McDonough, Georgia is $344,053, higher than the Georgia average of $256,986.
What is the average home price in McDonough, Georgia?
The typical home price in McDonough, Georgia, reported as the median sale price, is $344,053. 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 McDonough, Georgia?
The median gross rent in McDonough, Georgia is $1,748 per month, higher than the Georgia average of $1,392.
What was the median gross rent in McDonough in 2020?
In 2020, the median gross rent in McDonough, Georgia was $1,169 per month.
What is the price-to-rent ratio in McDonough, Georgia?
The price-to-rent ratio in McDonough, Georgia is about 16.4, meaning it would take roughly 16.4 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 McDonough.
Are home prices or rent rising faster in McDonough, Georgia?
Both home prices and rent are rising in McDonough, up about 10.4% and 7.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in McDonough, Georgia?
53.8% of households in McDonough, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in McDonough, Georgia?
The housing vacancy rate in McDonough, Georgia is 6.5%, lower than the Georgia average of 10.3%.
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