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 | Tift County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $206,250 | $238,631 | $242,182 |
| Price Trend (Annual %) | -1.5% | 9.0% | 8.2% |
| Median Gross Rent | $798 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tift County is about 14% lower than in Georgia. Rent is about 39% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Tift County: home prices fell about 1.5% a year while rent rose about 4.5% a year. That is an unusual pattern worth watching.
Median rent in Tift County rose about 36.3% between 2015 and 2023, from $585 to $798. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Tift County.
Buying the median-priced home in Tift County costs roughly 21.5 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 Tift County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Tift County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $206,250 | $238,631 | $242,182 |
| Median Household Income | $54,287 | $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 Tift County rose about 756.8%, while median household income rose about 45.5% 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 | Tift County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.0% | 58.4% | 58.2% |
| Rental Rate | 34.5% | 31.0% | 31.3% |
| Vacancy Rate | 11.5% | 10.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Tift County has a homeownership rate of 54.0%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 11.5%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Tift County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1985 | 1989 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in Tift County was built around 1985. On average, 2.5 people live in a home with about 6.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tift County, Georgia.
What is the median home price in Tift County, Georgia?
The median home price in Tift County, Georgia is $206,250, lower than the Georgia average of $238,631.
What is the average home price in Tift 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 Tift County, Georgia?
The median gross rent in Tift County, Georgia is $798 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Tift County in 2020?
In 2020, the median gross rent in Tift County, Georgia was $661 per month.
What is the price-to-rent ratio in Tift County, Georgia?
The price-to-rent ratio in Tift County, Georgia is about 21.5, meaning it would take roughly 21.5 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 Tift County.
Are home prices or rent rising faster in Tift County, Georgia?
Home prices and rent are moving in opposite directions in Tift County: home prices fell about 1.5% a year while rent rose about 4.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Tift County, Georgia?
54.0% of households in Tift County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Tift County, Georgia?
The housing vacancy rate in Tift County, Georgia is 11.5%, higher than the Georgia average of 10.6%.