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 | Tucker | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $289,712 | $238,631 | $242,182 |
| Price Trend (Annual %) | 3.8% | 9.0% | 8.2% |
| Median Gross Rent | $1,462 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tucker is about 21% higher than in Georgia. Rent is about 12% 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 Tucker, up about 3.8% and 6.6% a year respectively. Rent is changing faster.
Median rent in Tucker rose about 62.7% between 2015 and 2023, from $898 to $1,462. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Tucker.
Buying the median-priced home in Tucker costs roughly 16.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tucker. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Tucker | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $289,712 | $238,631 | $242,182 |
| Median Household Income | $83,720 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.5 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Tucker rose about 33.0%, while median household income rose about 50.0% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Tucker | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.9% | 58.4% | 58.2% |
| Rental Rate | 31.4% | 31.0% | 31.3% |
| Vacancy Rate | 11.7% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Tucker has a homeownership rate of 56.9%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 11.7%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Tucker | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1980 | 1989 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Tucker was built around 1980. On average, 2.6 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tucker, Georgia.
What is the median home price in Tucker, Georgia?
The median home price in Tucker, Georgia is $289,712, higher than the Georgia average of $238,631.
What is the average home price in Tucker, 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 Tucker, Georgia?
The median gross rent in Tucker, Georgia is $1,462 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Tucker in 2020?
In 2020, the median gross rent in Tucker, Georgia was $1,139 per month.
What is the price-to-rent ratio in Tucker, Georgia?
The price-to-rent ratio in Tucker, Georgia is about 16.5, meaning it would take roughly 16.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tucker.
Are home prices or rent rising faster in Tucker, Georgia?
Both home prices and rent are rising in Tucker, up about 3.8% and 6.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Tucker, Georgia?
56.9% of households in Tucker, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Tucker, Georgia?
The housing vacancy rate in Tucker, Georgia is 11.7%, higher than the Georgia average of 10.6%.