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 | Stewart County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $435,714 | $238,631 | $242,182 |
| Price Trend (Annual %) | 50.8% | 9.0% | 8.2% |
| Median Gross Rent | $587 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Stewart County is about 83% higher than in Georgia. Rent is about 55% lower 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 Stewart County, up about 50.8% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Stewart County rose about 16.8% between 2015 and 2023, from $503 to $587. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 12.4 yearly household incomes in Stewart County.
Buying the median-priced home in Stewart County costs roughly 61.9 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 Stewart County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Stewart County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $435,714 | $238,631 | $242,182 |
| Median Household Income | $35,000 | $74,683 | $78,145 |
| Price-to-Income Ratio | 12.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Stewart County rose about 342.4%, while median household income rose about 5.1% 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 | Stewart County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.5% | 58.4% | 58.2% |
| Rental Rate | 34.6% | 31.0% | 31.3% |
| Vacancy Rate | 16.9% | 10.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Stewart County has a homeownership rate of 48.5%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 16.9%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Stewart County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.09 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1992 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Stewart County was built around 1992. On average, 2.1 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Stewart County, Georgia.
What is the median home price in Stewart County, Georgia?
The median home price in Stewart County, Georgia is $435,714, higher than the Georgia average of $238,631.
What is the average home price in Stewart 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 Stewart County, Georgia?
The median gross rent in Stewart County, Georgia is $587 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Stewart County in 2020?
In 2020, the median gross rent in Stewart County, Georgia was $803 per month.
What is the price-to-rent ratio in Stewart County, Georgia?
The price-to-rent ratio in Stewart County, Georgia is about 61.9, meaning it would take roughly 61.9 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 Stewart County.
Are home prices or rent rising faster in Stewart County, Georgia?
Both home prices and rent are rising in Stewart County, up about 50.8% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Stewart County, Georgia?
48.5% of households in Stewart County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Stewart County, Georgia?
The housing vacancy rate in Stewart County, Georgia is 16.9%, higher than the Georgia average of 10.6%.