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 | Schley County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,260 | $238,631 | $242,182 |
| Price Trend (Annual %) | 30.7% | 9.0% | 8.2% |
| Median Gross Rent | $745 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 2.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Schley County is about 76% lower than in Georgia. Rent is about 43% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Schley County, up about 30.7% and 2.3% a year respectively. Home prices are changing faster.
Median rent in Schley County rose about 13.2% between 2015 and 2023, from $658 to $745. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Schley County.
Buying the median-priced home in Schley County costs roughly 6.5 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 Schley County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Schley County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $58,260 | $238,631 | $242,182 |
| Median Household Income | $59,592 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2023, the median home price in Schley County rose about 137.0%, while median household income rose about 52.7% 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 | Schley County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.9% | 58.4% | 58.2% |
| Rental Rate | 17.1% | 31.0% | 31.3% |
| Vacancy Rate | 18.0% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Schley County has a homeownership rate of 64.9%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 18.0%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Schley County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1987 | 1989 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Schley County was built around 1987. On average, 2.8 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Schley County, Georgia.
What is the median home price in Schley County, Georgia?
The median home price in Schley County, Georgia is $58,260, lower than the Georgia average of $238,631.
What is the average home price in Schley 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 Schley County, Georgia?
The median gross rent in Schley County, Georgia is $745 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Schley County in 2020?
In 2020, the median gross rent in Schley County, Georgia was $635 per month.
What is the price-to-rent ratio in Schley County, Georgia?
The price-to-rent ratio in Schley County, Georgia is about 6.5, meaning it would take roughly 6.5 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 Schley County.
Are home prices or rent rising faster in Schley County, Georgia?
Both home prices and rent are rising in Schley County, up about 30.7% and 2.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Schley County, Georgia?
64.9% of households in Schley County, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Schley County, Georgia?
The housing vacancy rate in Schley County, Georgia is 18.0%, higher than the Georgia average of 10.6%.