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 | Peach County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,795 | $238,631 | $242,182 |
| Price Trend (Annual %) | 9.6% | 9.0% | 8.2% |
| Median Gross Rent | $901 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Peach County is about 20% lower than in Georgia. Rent is about 31% 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 Peach County, up about 9.6% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Peach County rose about 31.4% between 2015 and 2023, from $686 to $901. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Peach County.
Buying the median-priced home in Peach County costs roughly 17.5 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 Peach County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Peach County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,795 | $238,631 | $242,182 |
| Median Household Income | $68,936 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Peach County rose about 57.7%, while median household income rose about 59.1% 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 | Peach County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.9% | 58.4% | 58.2% |
| Rental Rate | 25.0% | 31.0% | 31.3% |
| Vacancy Rate | 15.1% | 10.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Peach County has a homeownership rate of 59.9%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 15.1%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Peach County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1994 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Peach County was built around 1994. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Peach County, Georgia.
What is the median home price in Peach County, Georgia?
The median home price in Peach County, Georgia is $189,795, lower than the Georgia average of $238,631.
What is the average home price in Peach 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 Peach County, Georgia?
The median gross rent in Peach County, Georgia is $901 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Peach County in 2020?
In 2020, the median gross rent in Peach County, Georgia was $749 per month.
What is the price-to-rent ratio in Peach County, Georgia?
The price-to-rent ratio in Peach County, Georgia is about 17.5, meaning it would take roughly 17.5 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 Peach County.
Are home prices or rent rising faster in Peach County, Georgia?
Both home prices and rent are rising in Peach County, up about 9.6% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Peach County, Georgia?
59.9% of households in Peach County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Peach County, Georgia?
The housing vacancy rate in Peach County, Georgia is 15.1%, higher than the Georgia average of 10.6%.