Terrell County, Georgia Housing Market Prices
Terrell 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 68% below the Georgia median Cheaper than 78% of counties in Georgia$82,592
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Median rent 47% below the Georgia median Cheaper than 79% of counties in Georgia$744
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Terrell County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,592 | $256,986 | $248,835 |
| Price Trend (Annual %) | 160.0% | 8.9% | 7.5% |
| Median Gross Rent | $744 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 2.1% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Terrell County is about 68% lower than in Georgia. Rent is about 47% 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 Terrell County, up about 160.0% and 2.1% a year respectively. Home prices are changing faster.
Median rent in Terrell County rose about 25.4% between 2015 and 2024, from $593 to $744. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Terrell County.
Buying the median-priced home in Terrell County costs roughly 9.2 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 Terrell County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Terrell County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,592 | $256,986 | $248,835 |
| Median Household Income | $46,490 | $77,523 | $80,455 |
| Price-to-Income Ratio | 1.8 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Terrell County rose about 119.9%, while median household income rose about 56.0% 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 | Terrell County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.0% | 58.9% | 58.5% |
| Rental Rate | 30.6% | 30.8% | 31.2% |
| Vacancy Rate | 20.4% | 10.3% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Terrell County has a homeownership rate of 49.0%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 20.4%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Terrell County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1985 | 1990 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Terrell County was built around 1985. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Terrell County, GA Housing Compared With Nearby Counties
How Terrell County, GA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Terrell County, GA | 8,850 | $82,592 #2/3 | $744 #2/3 | 61.6% #1/3 |
| Randolph County, GA | 6,196 | $360,203 | $606 | 51.5% |
| Dougherty County, GA | 83,091 | $26,525 | $935 | 45.3% |
Frequently Asked Questions
Common questions about the housing market in Terrell County, Georgia.
What is the median home price in Terrell County, Georgia?
The median home price in Terrell County, Georgia is $82,592, lower than the Georgia average of $256,986.
What is the average home price in Terrell County, Georgia?
The typical home price in Terrell County, Georgia, reported as the median sale price, is $82,592. 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 Terrell County, Georgia?
The median gross rent in Terrell County, Georgia is $744 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Terrell County in 2020?
In 2020, the median gross rent in Terrell County, Georgia was $635 per month.
What is the price-to-rent ratio in Terrell County, Georgia?
The price-to-rent ratio in Terrell County, Georgia is about 9.2, meaning it would take roughly 9.2 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 Terrell County.
Are home prices or rent rising faster in Terrell County, Georgia?
Both home prices and rent are rising in Terrell County, up about 160.0% and 2.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Terrell County, Georgia?
49.0% of households in Terrell County, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Terrell County, Georgia?
The housing vacancy rate in Terrell County, Georgia is 20.4%, higher than the Georgia average of 10.3%.
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