Monroe County, Georgia Housing Market Prices
Monroe County 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 70% below the Georgia median Cheaper than 79% of counties in Georgia$77,563
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Median rent 32% below the Georgia median$942
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Monroe County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,563 | $256,986 | $248,835 |
| Price Trend (Annual %) | 39.5% | 8.9% | 7.5% |
| Median Gross Rent | $942 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Monroe County is about 70% lower than in Georgia. Rent is about 32% lower 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 Monroe County, up about 39.5% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Monroe County rose about 29.4% between 2015 and 2024, from $728 to $942. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Monroe County.
Buying the median-priced home in Monroe County costs roughly 6.9 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 Monroe County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Monroe County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,563 | $256,986 | $248,835 |
| Median Household Income | $84,275 | $77,523 | $80,455 |
| Price-to-Income Ratio | 0.9 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Monroe County fell about 42.7%, while median household income rose about 52.4% between 2009 and 2025 — 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 | Monroe County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.4% | 58.9% | 58.5% |
| Rental Rate | 14.8% | 30.8% | 31.2% |
| Vacancy Rate | 8.8% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Monroe County has a homeownership rate of 76.4%, higher than the Georgia average of 58.9%. Its housing vacancy rate is 8.8%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Monroe County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.70 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1991 | 1990 | 1978 |
| Median Number of Rooms | 6.7 | 5.9 | 5.5 |
The typical housing unit in Monroe County was built around 1991. On average, 2.7 people live in a home with about 6.7 rooms, staying for about 16.0 years on average.
Monroe County, GA Housing Compared With Nearby Counties
Monroe County, GA is typical in size for this group, 29,664 residents against a local median of 28,673, so the measures below are close to a like for like comparison. The measure that sets Monroe County, GA apart most is median home price: $77,563, 57% below the local median of $180,743.
The counties themselves spread $82,102 on median home price, so Monroe County, GA sits at one end of an already wide local range rather than apart from it. Monroe County, GA has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Monroe County, GA | 29,664 | $77,563 #4/4 | $942 #3/4 | 83.8% #1/4 |
| Butts County, GA | 26,496 | $180,743 | $941 | 74.3% |
| Bibb County, GA | 156,504 | $110,832 | $1,065 | 51.4% |
| Jones County, GA | 28,673 | $192,934 | $963 | 83.6% |
Frequently Asked Questions
Common questions about the housing market in Monroe County, Georgia.
What is the median home price in Monroe County, Georgia?
The median home price in Monroe County, Georgia is $77,563, lower than the Georgia average of $256,986.
What is the average home price in Monroe County, Georgia?
The typical home price in Monroe County, Georgia, reported as the median sale price, is $77,563. 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 Monroe County, Georgia?
The median gross rent in Monroe County, Georgia is $942 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Monroe County in 2020?
In 2020, the median gross rent in Monroe County, Georgia was $728 per month.
What is the price-to-rent ratio in Monroe County, Georgia?
The price-to-rent ratio in Monroe County, Georgia is about 6.9, meaning it would take roughly 6.9 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 Monroe County.
Are home prices or rent rising faster in Monroe County, Georgia?
Both home prices and rent are rising in Monroe County, up about 39.5% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Monroe County, Georgia?
76.4% of households in Monroe County, Georgia own their home, higher than the Georgia average of 58.9%.
What is the vacancy rate in Monroe County, Georgia?
The housing vacancy rate in Monroe County, Georgia is 8.8%, lower than the Georgia average of 10.3%.
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