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.
Housing Market Overview
| Metric | Roswell | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $445,404 | $238,631 | $242,182 |
| Price Trend (Annual %) | 7.6% | 9.0% | 8.2% |
| Median Gross Rent | $1,725 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Roswell is about 87% higher than in Georgia. Rent is about 32% 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 Roswell, up about 7.6% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Roswell rose about 64.7% between 2015 and 2023, from $1,047 to $1,725. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Roswell.
Buying the median-priced home in Roswell costs roughly 21.5 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 Roswell. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Roswell | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $445,404 | $238,631 | $242,182 |
| Median Household Income | $123,046 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Roswell rose about 60.3%, while median household income rose about 47.0% 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 | Roswell | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.8% | 58.4% | 58.2% |
| Rental Rate | 27.3% | 31.0% | 31.3% |
| Vacancy Rate | 5.9% | 10.6% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Roswell has a homeownership rate of 66.8%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 5.9%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Roswell | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1991 | 1989 | 1978 |
| Median Number of Rooms | 6.9 | 5.9 | 5.5 |
The typical housing unit in Roswell was built around 1991. On average, 2.6 people live in a home with about 6.9 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Roswell, Georgia.
What is the median home price in Roswell, Georgia?
The median home price in Roswell, Georgia is $445,404, higher than the Georgia average of $238,631.
What is the average home price in Roswell, 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 Roswell, Georgia?
The median gross rent in Roswell, Georgia is $1,725 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Roswell in 2020?
In 2020, the median gross rent in Roswell, Georgia was $1,371 per month.
What is the price-to-rent ratio in Roswell, Georgia?
The price-to-rent ratio in Roswell, Georgia is about 21.5, meaning it would take roughly 21.5 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 Roswell.
Are home prices or rent rising faster in Roswell, Georgia?
Both home prices and rent are rising in Roswell, up about 7.6% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Roswell, Georgia?
66.8% of households in Roswell, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Roswell, Georgia?
The housing vacancy rate in Roswell, Georgia is 5.9%, lower than the Georgia average of 10.6%.