Newnan, Georgia Housing Market Prices
Newnan 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 8% below the Georgia median$237,335
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Median rent 9% above the Georgia median$1,518
Housing Market Overview
| Metric | Newnan | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $237,335 | $256,986 | $248,835 |
| Price Trend (Annual %) | 8.9% | 8.9% | 7.5% |
| Median Gross Rent | $1,518 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Newnan is about 8% lower than in Georgia. Rent is about 9% 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 Newnan, up about 8.9% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Newnan rose about 64.9% between 2015 and 2024, from $921 to $1,518. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Newnan.
Buying the median-priced home in Newnan costs roughly 13.0 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 Newnan. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Newnan | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $237,335 | $256,986 | $248,835 |
| Median Household Income | $75,504 | $77,523 | $80,455 |
| Price-to-Income Ratio | 3.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Newnan rose about 302.6%, while median household income rose about 36.0% 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 | Newnan | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.6% | 58.9% | 58.5% |
| Rental Rate | 41.9% | 30.8% | 31.2% |
| Vacancy Rate | 6.5% | 10.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Newnan has a homeownership rate of 51.6%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 6.5%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Newnan | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1993 | 1990 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Newnan was built around 1993. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Newnan, Georgia.
What is the median home price in Newnan, Georgia?
The median home price in Newnan, Georgia is $237,335, lower than the Georgia average of $256,986.
What is the average home price in Newnan, Georgia?
The typical home price in Newnan, Georgia, reported as the median sale price, is $237,335. 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 Newnan, Georgia?
The median gross rent in Newnan, Georgia is $1,518 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Newnan in 2020?
In 2020, the median gross rent in Newnan, Georgia was $1,145 per month.
What is the price-to-rent ratio in Newnan, Georgia?
The price-to-rent ratio in Newnan, Georgia is about 13.0, meaning it would take roughly 13.0 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 Newnan.
Are home prices or rent rising faster in Newnan, Georgia?
Both home prices and rent are rising in Newnan, up about 8.9% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Newnan, Georgia?
51.6% of households in Newnan, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Newnan, Georgia?
The housing vacancy rate in Newnan, Georgia is 6.5%, lower than the Georgia average of 10.3%.
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