Redan, Georgia Housing Market Prices
Redan 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 5% above the Georgia median$269,940
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Median rent 16% above the Georgia median$1,610
Housing Market Overview
| Metric | Redan | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $269,940 | $256,986 | $248,835 |
| Price Trend (Annual %) | 15.9% | 8.9% | 7.5% |
| Median Gross Rent | $1,610 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Redan is about 5% higher than in Georgia. Rent is about 16% 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 Redan, up about 15.9% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Redan rose about 58.3% between 2015 and 2024, from $1,017 to $1,610. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Redan.
Buying the median-priced home in Redan costs roughly 14.0 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 Redan. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Redan | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $269,940 | $256,986 | $248,835 |
| Median Household Income | $64,380 | $77,523 | $80,455 |
| Price-to-Income Ratio | 4.2 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Redan rose about 216.3%, while median household income rose about 16.4% 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 | Redan | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.3% | 58.9% | 58.5% |
| Rental Rate | 33.4% | 30.8% | 31.2% |
| Vacancy Rate | 10.3% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Redan has a homeownership rate of 56.3%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 10.3%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Redan | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.89 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1987 | 1990 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Redan was built around 1987. On average, 2.9 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Redan, GA Housing Compared With Nearby Cities
How Redan, GA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Redan, GA | 30,979 | $269,940 #2/2 | $1,610 #1/2 | 62.8% #1/2 |
| Stonecrest, GA | 67,177 | $285,027 | $1,602 | 58.1% |
Frequently Asked Questions
Common questions about the housing market in Redan, Georgia.
What is the median home price in Redan, Georgia?
The median home price in Redan, Georgia is $269,940, higher than the Georgia average of $256,986.
What is the average home price in Redan, Georgia?
The typical home price in Redan, Georgia, reported as the median sale price, is $269,940. 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 Redan, Georgia?
The median gross rent in Redan, Georgia is $1,610 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Redan in 2020?
In 2020, the median gross rent in Redan, Georgia was $1,217 per month.
What is the price-to-rent ratio in Redan, Georgia?
The price-to-rent ratio in Redan, Georgia is about 14.0, meaning it would take roughly 14.0 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 Redan.
Are home prices or rent rising faster in Redan, Georgia?
Both home prices and rent are rising in Redan, up about 15.9% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Redan, Georgia?
56.3% of households in Redan, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Redan, Georgia?
The housing vacancy rate in Redan, Georgia is 10.3%, about the same as the Georgia average.
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