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 | Rockdale County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $192,133 | $238,631 | $242,182 |
| Price Trend (Annual %) | 8.9% | 9.0% | 8.2% |
| Median Gross Rent | $1,340 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 5.5% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rockdale County is about 19% lower than in Georgia. Rent is about 3% 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 Rockdale County, up about 8.9% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Rockdale County rose about 46.3% between 2015 and 2023, from $916 to $1,340. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Rockdale County.
Buying the median-priced home in Rockdale County costs roughly 11.9 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 Rockdale County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Rockdale County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $192,133 | $238,631 | $242,182 |
| Median Household Income | $73,131 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Rockdale County rose about 52.5%, while median household income rose about 32.5% 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 | Rockdale County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.4% | 58.4% | 58.2% |
| Rental Rate | 32.4% | 31.0% | 31.3% |
| Vacancy Rate | 5.2% | 10.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Rockdale County has a homeownership rate of 62.4%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 5.2%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Rockdale County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.75 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1993 | 1989 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Rockdale County was built around 1993. On average, 2.8 people live in a home with about 6.3 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rockdale County, Georgia.
What is the median home price in Rockdale County, Georgia?
The median home price in Rockdale County, Georgia is $192,133, lower than the Georgia average of $238,631.
What is the average home price in Rockdale 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 Rockdale County, Georgia?
The median gross rent in Rockdale County, Georgia is $1,340 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Rockdale County in 2020?
In 2020, the median gross rent in Rockdale County, Georgia was $1,105 per month.
What is the price-to-rent ratio in Rockdale County, Georgia?
The price-to-rent ratio in Rockdale County, Georgia is about 11.9, meaning it would take roughly 11.9 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 Rockdale County.
Are home prices or rent rising faster in Rockdale County, Georgia?
Both home prices and rent are rising in Rockdale County, up about 8.9% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rockdale County, Georgia?
62.4% of households in Rockdale County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Rockdale County, Georgia?
The housing vacancy rate in Rockdale County, Georgia is 5.2%, lower than the Georgia average of 10.6%.