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 | Stockbridge | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $263,533 | $238,631 | $242,182 |
| Price Trend (Annual %) | 23.5% | 9.0% | 8.2% |
| Median Gross Rent | $1,476 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Stockbridge is about 10% higher than in Georgia. Rent is about 13% 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 Stockbridge, up about 23.5% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Stockbridge rose about 42.5% between 2015 and 2023, from $1,036 to $1,476. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Stockbridge.
Buying the median-priced home in Stockbridge costs roughly 14.9 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 Stockbridge. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Stockbridge | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $263,533 | $238,631 | $242,182 |
| Median Household Income | $69,206 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Stockbridge rose about 107.2%, while median household income rose about 16.1% 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 | Stockbridge | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.3% | 58.4% | 58.2% |
| Rental Rate | 42.6% | 31.0% | 31.3% |
| Vacancy Rate | 5.1% | 10.6% | 10.6% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Stockbridge has a homeownership rate of 52.3%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 5.1%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Stockbridge | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1996 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Stockbridge was built around 1996. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Stockbridge, Georgia.
What is the median home price in Stockbridge, Georgia?
The median home price in Stockbridge, Georgia is $263,533, higher than the Georgia average of $238,631.
What is the average home price in Stockbridge, 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 Stockbridge, Georgia?
The median gross rent in Stockbridge, Georgia is $1,476 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Stockbridge in 2020?
In 2020, the median gross rent in Stockbridge, Georgia was $1,192 per month.
What is the price-to-rent ratio in Stockbridge, Georgia?
The price-to-rent ratio in Stockbridge, Georgia is about 14.9, meaning it would take roughly 14.9 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 Stockbridge.
Are home prices or rent rising faster in Stockbridge, Georgia?
Both home prices and rent are rising in Stockbridge, up about 23.5% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Stockbridge, Georgia?
52.3% of households in Stockbridge, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Stockbridge, Georgia?
The housing vacancy rate in Stockbridge, Georgia is 5.1%, lower than the Georgia average of 10.6%.