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 | Turner County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $48,026 | $238,631 | $242,182 |
| Price Trend (Annual %) | 0.3% | 9.0% | 8.2% |
| Median Gross Rent | $655 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 2.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Turner County is about 80% lower than in Georgia. Rent is about 50% lower 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 Turner County, up about 0.3% and 2.2% a year respectively. Rent is changing faster.
Median rent in Turner County rose about 12.6% between 2015 and 2023, from $582 to $655. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Turner County.
Buying the median-priced home in Turner County costs roughly 6.1 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 Turner County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Turner County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $48,026 | $238,631 | $242,182 |
| Median Household Income | $39,254 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.2 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Turner County rose about 8.7%, while median household income rose about 28.2% 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 | Turner County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.8% | 58.4% | 58.2% |
| Rental Rate | 30.3% | 31.0% | 31.3% |
| Vacancy Rate | 15.9% | 10.6% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Turner County has a homeownership rate of 53.8%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 15.9%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Turner County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1980 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Turner County was built around 1980. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Turner County, Georgia.
What is the median home price in Turner County, Georgia?
The median home price in Turner County, Georgia is $48,026, lower than the Georgia average of $238,631.
What is the average home price in Turner 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 Turner County, Georgia?
The median gross rent in Turner County, Georgia is $655 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Turner County in 2020?
In 2020, the median gross rent in Turner County, Georgia was $546 per month.
What is the price-to-rent ratio in Turner County, Georgia?
The price-to-rent ratio in Turner County, Georgia is about 6.1, meaning it would take roughly 6.1 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 Turner County.
Are home prices or rent rising faster in Turner County, Georgia?
Both home prices and rent are rising in Turner County, up about 0.3% and 2.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Turner County, Georgia?
53.8% of households in Turner County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Turner County, Georgia?
The housing vacancy rate in Turner County, Georgia is 15.9%, higher than the Georgia average of 10.6%.