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 | Muscogee County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,942 | $238,631 | $242,182 |
| Price Trend (Annual %) | 3.7% | 9.0% | 8.2% |
| Median Gross Rent | $1,072 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Muscogee County is about 48% lower than in Georgia. Rent is about 18% 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 Muscogee County, up about 3.7% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Muscogee County rose about 29.2% between 2015 and 2023, from $829 to $1,072. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Muscogee County.
Buying the median-priced home in Muscogee County costs roughly 9.6 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 Muscogee County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Muscogee County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,942 | $238,631 | $242,182 |
| Median Household Income | $56,333 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.2 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Muscogee County rose about 25.3%, while median household income rose about 38.8% 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 | Muscogee County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.4% | 58.4% | 58.2% |
| Rental Rate | 43.9% | 31.0% | 31.3% |
| Vacancy Rate | 11.7% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Muscogee County has a homeownership rate of 44.4%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 11.7%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Muscogee County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1982 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Muscogee County was built around 1982. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Muscogee County, Georgia.
What is the median home price in Muscogee County, Georgia?
The median home price in Muscogee County, Georgia is $122,942, lower than the Georgia average of $238,631.
What is the average home price in Muscogee 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 Muscogee County, Georgia?
The median gross rent in Muscogee County, Georgia is $1,072 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Muscogee County in 2020?
In 2020, the median gross rent in Muscogee County, Georgia was $925 per month.
What is the price-to-rent ratio in Muscogee County, Georgia?
The price-to-rent ratio in Muscogee County, Georgia is about 9.6, meaning it would take roughly 9.6 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 Muscogee County.
Are home prices or rent rising faster in Muscogee County, Georgia?
Both home prices and rent are rising in Muscogee County, up about 3.7% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Muscogee County, Georgia?
44.4% of households in Muscogee County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Muscogee County, Georgia?
The housing vacancy rate in Muscogee County, Georgia is 11.7%, higher than the Georgia average of 10.6%.