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 | Randolph County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $312,500 | $238,631 | $242,182 |
| Price Trend (Annual %) | 1274.1% | 9.0% | 8.2% |
| Median Gross Rent | $554 | $1,306 | $1,342 |
| Rent Trend (Annual %) | -0.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Randolph County is about 31% higher than in Georgia. Rent is about 58% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Randolph County: home prices rose about 1274.1% a year while rent fell about 0.8% a year. That is an unusual pattern worth watching.
Median rent in Randolph County fell about 6.4% between 2015 and 2023, from $592 to $554. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 12.4 yearly household incomes in Randolph County.
Buying the median-priced home in Randolph County costs roughly 47.0 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 Randolph County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Randolph County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $312,500 | $238,631 | $242,182 |
| Median Household Income | $25,298 | $74,683 | $78,145 |
| Price-to-Income Ratio | 12.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2023, the median home price in Randolph County rose about 6150.6%, while median household income fell about 8.9% 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 | Randolph County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 36.7% | 58.4% | 58.2% |
| Rental Rate | 37.3% | 31.0% | 31.3% |
| Vacancy Rate | 26.0% | 10.6% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Randolph County has a homeownership rate of 36.7%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 26.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Randolph County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1980 | 1989 | 1978 |
| Median Number of Rooms | 4.9 | 5.9 | 5.5 |
The typical housing unit in Randolph County was built around 1980. On average, 2.3 people live in a home with about 4.9 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Randolph County, Georgia.
What is the median home price in Randolph County, Georgia?
The median home price in Randolph County, Georgia is $312,500, higher than the Georgia average of $238,631.
What is the average home price in Randolph 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 Randolph County, Georgia?
The median gross rent in Randolph County, Georgia is $554 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Randolph County in 2020?
In 2020, the median gross rent in Randolph County, Georgia was $569 per month.
What is the price-to-rent ratio in Randolph County, Georgia?
The price-to-rent ratio in Randolph County, Georgia is about 47.0, meaning it would take roughly 47.0 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 Randolph County.
Are home prices or rent rising faster in Randolph County, Georgia?
Home prices and rent are moving in opposite directions in Randolph County: home prices rose about 1274.1% a year while rent fell about 0.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Randolph County, Georgia?
36.7% of households in Randolph County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Randolph County, Georgia?
The housing vacancy rate in Randolph County, Georgia is 26.0%, higher than the Georgia average of 10.6%.