Richmond County, Georgia Housing Market Prices
Richmond County 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 45% below the Georgia median$141,895
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Median rent 18% below the Georgia median More expensive than 80% of counties in Georgia$1,141
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Richmond County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $141,895 | $256,986 | $248,835 |
| Price Trend (Annual %) | 5.3% | 8.9% | 7.5% |
| Median Gross Rent | $1,141 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Richmond County is about 45% lower than in Georgia. Rent is about 18% lower 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 Richmond County, up about 5.3% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Richmond County rose about 44.6% between 2015 and 2024, from $789 to $1,141. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Richmond County.
Buying the median-priced home in Richmond County costs roughly 10.4 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 Richmond County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Richmond County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $141,895 | $256,986 | $248,835 |
| Median Household Income | $56,121 | $77,523 | $80,455 |
| Price-to-Income Ratio | 2.5 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Richmond County rose about 49.4%, while median household income rose about 44.0% 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 | Richmond County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.2% | 58.9% | 58.5% |
| Rental Rate | 40.2% | 30.8% | 31.2% |
| Vacancy Rate | 17.7% | 10.3% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Richmond County has a homeownership rate of 42.2%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 17.7%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Richmond County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1982 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Richmond County was built around 1982. On average, 2.6 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Richmond County, GA Housing Compared With Nearby Counties
How Richmond County, GA compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Richmond County, GA | 206,056 | $141,895 #2/2 | $1,141 #2/2 | 51.2% #2/2 |
| Columbia County, GA | 162,330 | $303,017 | $1,409 | 78.1% |
Frequently Asked Questions
Common questions about the housing market in Richmond County, Georgia.
What is the median home price in Richmond County, Georgia?
The median home price in Richmond County, Georgia is $141,895, lower than the Georgia average of $256,986.
What is the average home price in Richmond County, Georgia?
The typical home price in Richmond County, Georgia, reported as the median sale price, is $141,895. 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 Richmond County, Georgia?
The median gross rent in Richmond County, Georgia is $1,141 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Richmond County in 2020?
In 2020, the median gross rent in Richmond County, Georgia was $908 per month.
What is the price-to-rent ratio in Richmond County, Georgia?
The price-to-rent ratio in Richmond County, Georgia is about 10.4, meaning it would take roughly 10.4 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 Richmond County.
Are home prices or rent rising faster in Richmond County, Georgia?
Both home prices and rent are rising in Richmond County, up about 5.3% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Richmond County, Georgia?
42.2% of households in Richmond County, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Richmond County, Georgia?
The housing vacancy rate in Richmond County, Georgia is 17.7%, higher than the Georgia average of 10.3%.
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