Spalding County, Georgia Housing Market Prices
Spalding 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 18% below the Georgia median$210,294
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Median rent 20% below the Georgia median More expensive than 77% of counties in Georgia$1,112
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Spalding County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $210,294 | $256,986 | $248,835 |
| Price Trend (Annual %) | 25.4% | 8.9% | 7.5% |
| Median Gross Rent | $1,112 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Spalding County is about 18% lower than in Georgia. Rent is about 20% 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 Spalding County, up about 25.4% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Spalding County rose about 41.6% between 2015 and 2024, from $786 to $1,112. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Spalding County.
Buying the median-priced home in Spalding County costs roughly 15.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Spalding County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Spalding County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $210,294 | $256,986 | $248,835 |
| Median Household Income | $61,891 | $77,523 | $80,455 |
| Price-to-Income Ratio | 3.4 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Spalding County rose about 205.2%, while median household income rose about 39.8% 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 | Spalding County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.8% | 58.9% | 58.5% |
| Rental Rate | 34.3% | 30.8% | 31.2% |
| Vacancy Rate | 7.8% | 10.3% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Spalding County has a homeownership rate of 57.8%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 7.8%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Spalding County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1988 | 1990 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Spalding County was built around 1988. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Spalding County, GA Housing Compared With Nearby Counties
Spalding County, GA is the 4th largest of the 5 counties compared here, 68,892 residents against a local median of 186,111. The measure that sets Spalding County, GA apart most is median rent: $1,112, 28% below the local median of $1,553.
Homeownership tells the same story from another angle: 62.7% against a local median of 77.5%, 19% below it. The one measure here that carries a verdict is homeownership, and at 19% below the local median it puts Spalding County, GA at the weaker end of the local range. The counties themselves spread $905 on median rent, so Spalding County, GA sits at one end of an already wide local range rather than apart from it. Spalding County, GA has the 4th highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Spalding County, GA | 68,892 | $210,294 #3/5 | $1,112 #4/5 | 62.7% #4/5 |
| Pike County, GA | 19,903 | $69,090 | $992 | 84.6% |
| Henry County, GA | 249,959 | $285,266 | $1,674 | 74.9% |
| Fayette County, GA | 122,264 | $344,769 | $1,897 | 80.1% |
| Clayton County, GA | 298,922 | $196,599 | $1,432 | 54.5% |
Frequently Asked Questions
Common questions about the housing market in Spalding County, Georgia.
What is the median home price in Spalding County, Georgia?
The median home price in Spalding County, Georgia is $210,294, lower than the Georgia average of $256,986.
What is the average home price in Spalding County, Georgia?
The typical home price in Spalding County, Georgia, reported as the median sale price, is $210,294. 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 Spalding County, Georgia?
The median gross rent in Spalding County, Georgia is $1,112 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Spalding County in 2020?
In 2020, the median gross rent in Spalding County, Georgia was $879 per month.
What is the price-to-rent ratio in Spalding County, Georgia?
The price-to-rent ratio in Spalding County, Georgia is about 15.8, meaning it would take roughly 15.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Spalding County.
Are home prices or rent rising faster in Spalding County, Georgia?
Both home prices and rent are rising in Spalding County, up about 25.4% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Spalding County, Georgia?
57.8% of households in Spalding County, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Spalding County, Georgia?
The housing vacancy rate in Spalding County, Georgia is 7.8%, lower than the Georgia average of 10.3%.
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