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.
Housing Market Overview
| Metric | Peachtree City | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,395 | $238,631 | $242,182 |
| Price Trend (Annual %) | 23.4% | 9.0% | 8.2% |
| Median Gross Rent | $1,872 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 6.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Peachtree City is about 76% higher than in Georgia. Rent is about 43% higher 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 Peachtree City, up about 23.4% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Peachtree City rose about 60.5% between 2015 and 2023, from $1,166 to $1,872. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Peachtree City.
Buying the median-priced home in Peachtree City costs roughly 18.7 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 Peachtree City. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Peachtree City | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,395 | $238,631 | $242,182 |
| Median Household Income | $110,256 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Peachtree City rose about 106.2%, while median household income rose about 22.8% 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 | Peachtree City | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.9% | 58.4% | 58.2% |
| Rental Rate | 25.5% | 31.0% | 31.3% |
| Vacancy Rate | 5.5% | 10.6% | 10.6% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Peachtree City has a homeownership rate of 68.9%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 5.5%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Peachtree City | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1995 | 1989 | 1978 |
| Median Number of Rooms | 7.0 | 5.9 | 5.5 |
The typical housing unit in Peachtree City was built around 1995. On average, 2.6 people live in a home with about 7.0 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Peachtree City, Georgia.
What is the median home price in Peachtree City, Georgia?
The median home price in Peachtree City, Georgia is $419,395, higher than the Georgia average of $238,631.
What is the average home price in Peachtree City, 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 Peachtree City, Georgia?
The median gross rent in Peachtree City, Georgia is $1,872 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Peachtree City in 2020?
In 2020, the median gross rent in Peachtree City, Georgia was $1,465 per month.
What is the price-to-rent ratio in Peachtree City, Georgia?
The price-to-rent ratio in Peachtree City, Georgia is about 18.7, meaning it would take roughly 18.7 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 Peachtree City.
Are home prices or rent rising faster in Peachtree City, Georgia?
Both home prices and rent are rising in Peachtree City, up about 23.4% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Peachtree City, Georgia?
68.9% of households in Peachtree City, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Peachtree City, Georgia?
The housing vacancy rate in Peachtree City, Georgia is 5.5%, lower than the Georgia average of 10.6%.