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 | Pierce County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $326,923 | $238,631 | $242,182 |
| Price Trend (Annual %) | 463.1% | 9.0% | 8.2% |
| Median Gross Rent | $793 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pierce County is about 37% higher than in Georgia. Rent is about 39% 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 Pierce County, up about 463.1% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Pierce County rose about 39.6% between 2015 and 2023, from $568 to $793. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 5.8 yearly household incomes in Pierce County.
Buying the median-priced home in Pierce County costs roughly 34.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pierce County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Pierce County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $326,923 | $238,631 | $242,182 |
| Median Household Income | $56,415 | $74,683 | $78,145 |
| Price-to-Income Ratio | 5.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pierce County rose about 228.9%, while median household income rose about 60.4% 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 | Pierce County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.2% | 58.4% | 58.2% |
| Rental Rate | 19.4% | 31.0% | 31.3% |
| Vacancy Rate | 11.4% | 10.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Pierce County has a homeownership rate of 69.2%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 11.4%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Pierce County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1982 | 1989 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Pierce County was built around 1982. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pierce County, Georgia.
What is the median home price in Pierce County, Georgia?
The median home price in Pierce County, Georgia is $326,923, higher than the Georgia average of $238,631.
What is the average home price in Pierce 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 Pierce County, Georgia?
The median gross rent in Pierce County, Georgia is $793 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Pierce County in 2020?
In 2020, the median gross rent in Pierce County, Georgia was $704 per month.
What is the price-to-rent ratio in Pierce County, Georgia?
The price-to-rent ratio in Pierce County, Georgia is about 34.4, meaning it would take roughly 34.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Pierce County.
Are home prices or rent rising faster in Pierce County, Georgia?
Both home prices and rent are rising in Pierce County, up about 463.1% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pierce County, Georgia?
69.2% of households in Pierce County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Pierce County, Georgia?
The housing vacancy rate in Pierce County, Georgia is 11.4%, higher than the Georgia average of 10.6%.