Suwanee, Georgia Housing Market Prices
Suwanee 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.
-
Median home price 185% above the Georgia median$732,303
-
Median rent 35% above the Georgia median$1,877
Housing Market Overview
| Metric | Suwanee | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $732,303 | $256,986 | $248,835 |
| Price Trend (Annual %) | 1316.2% | 8.9% | 7.5% |
| Median Gross Rent | $1,877 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Suwanee is about 185% higher than in Georgia. Rent is about 35% higher 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 Suwanee, up about 1316.2% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Suwanee rose about 49.4% between 2015 and 2024, from $1,256 to $1,877. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 7.2 yearly household incomes in Suwanee.
Buying the median-priced home in Suwanee costs roughly 32.5 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 Suwanee. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Suwanee | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $732,303 | $256,986 | $248,835 |
| Median Household Income | $101,926 | $77,523 | $80,455 |
| Price-to-Income Ratio | 7.2 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Suwanee rose about 183.0%, while median household income rose about 13.3% 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 | Suwanee | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.4% | 58.9% | 58.5% |
| Rental Rate | 41.4% | 30.8% | 31.2% |
| Vacancy Rate | 2.1% | 10.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Suwanee has a homeownership rate of 56.4%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 2.1%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Suwanee | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 2004 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Suwanee was built around 2004. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Suwanee, Georgia.
What is the median home price in Suwanee, Georgia?
The median home price in Suwanee, Georgia is $732,303, higher than the Georgia average of $256,986.
What is the average home price in Suwanee, Georgia?
The typical home price in Suwanee, Georgia, reported as the median sale price, is $732,303. 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 Suwanee, Georgia?
The median gross rent in Suwanee, Georgia is $1,877 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Suwanee in 2020?
In 2020, the median gross rent in Suwanee, Georgia was $1,524 per month.
What is the price-to-rent ratio in Suwanee, Georgia?
The price-to-rent ratio in Suwanee, Georgia is about 32.5, meaning it would take roughly 32.5 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 Suwanee.
Are home prices or rent rising faster in Suwanee, Georgia?
Both home prices and rent are rising in Suwanee, up about 1316.2% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Suwanee, Georgia?
56.4% of households in Suwanee, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Suwanee, Georgia?
The housing vacancy rate in Suwanee, Georgia is 2.1%, lower than the Georgia average of 10.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →