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 | McDuffie County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,704 | $238,631 | $242,182 |
| Price Trend (Annual %) | 32.5% | 9.0% | 8.2% |
| Median Gross Rent | $812 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McDuffie County is about 1% lower than in Georgia. Rent is about 38% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in McDuffie County, up about 32.5% and 4.1% a year respectively. Home prices are changing faster.
Median rent in McDuffie County rose about 36.3% between 2015 and 2023, from $596 to $812. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in McDuffie County.
Buying the median-priced home in McDuffie County costs roughly 24.2 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 McDuffie County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | McDuffie County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,704 | $238,631 | $242,182 |
| Median Household Income | $53,582 | $74,683 | $78,145 |
| Price-to-Income Ratio | 4.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in McDuffie County rose about 401.8%, while median household income rose about 53.5% 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 | McDuffie County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.2% | 58.4% | 58.2% |
| Rental Rate | 30.5% | 31.0% | 31.3% |
| Vacancy Rate | 12.3% | 10.6% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
McDuffie County has a homeownership rate of 57.2%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 12.3%, compared with 10.6% in Georgia.
Housing Stock
| Metric | McDuffie County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1987 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in McDuffie County was built around 1987. On average, 2.6 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 McDuffie County, Georgia.
What is the median home price in McDuffie County, Georgia?
The median home price in McDuffie County, Georgia is $235,704, lower than the Georgia average of $238,631.
What is the average home price in McDuffie 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 McDuffie County, Georgia?
The median gross rent in McDuffie County, Georgia is $812 per month, lower than the Georgia average of $1,306.
What was the median gross rent in McDuffie County in 2020?
In 2020, the median gross rent in McDuffie County, Georgia was $719 per month.
What is the price-to-rent ratio in McDuffie County, Georgia?
The price-to-rent ratio in McDuffie County, Georgia is about 24.2, meaning it would take roughly 24.2 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 McDuffie County.
Are home prices or rent rising faster in McDuffie County, Georgia?
Both home prices and rent are rising in McDuffie County, up about 32.5% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in McDuffie County, Georgia?
57.2% of households in McDuffie County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in McDuffie County, Georgia?
The housing vacancy rate in McDuffie County, Georgia is 12.3%, higher than the Georgia average of 10.6%.