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 | Upson County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,499 | $238,631 | $242,182 |
| Price Trend (Annual %) | 12.4% | 9.0% | 8.2% |
| Median Gross Rent | $779 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Upson County is about 30% lower than in Georgia. Rent is about 40% 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 Upson County, up about 12.4% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Upson County rose about 15.7% between 2015 and 2023, from $673 to $779. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Upson County.
Buying the median-priced home in Upson County costs roughly 17.9 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 Upson County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Upson County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $167,499 | $238,631 | $242,182 |
| Median Household Income | $50,894 | $74,683 | $78,145 |
| Price-to-Income Ratio | 3.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Upson County rose about 80.1%, while median household income rose about 50.0% 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 | Upson County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.6% | 58.4% | 58.2% |
| Rental Rate | 31.3% | 31.0% | 31.3% |
| Vacancy Rate | 16.1% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Upson County has a homeownership rate of 52.6%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 16.1%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Upson County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1976 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Upson County was built around 1976. On average, 2.6 people live in a home with about 5.4 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Upson County, Georgia.
What is the median home price in Upson County, Georgia?
The median home price in Upson County, Georgia is $167,499, lower than the Georgia average of $238,631.
What is the average home price in Upson 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 Upson County, Georgia?
The median gross rent in Upson County, Georgia is $779 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Upson County in 2020?
In 2020, the median gross rent in Upson County, Georgia was $652 per month.
What is the price-to-rent ratio in Upson County, Georgia?
The price-to-rent ratio in Upson County, Georgia is about 17.9, meaning it would take roughly 17.9 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 Upson County.
Are home prices or rent rising faster in Upson County, Georgia?
Both home prices and rent are rising in Upson County, up about 12.4% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Upson County, Georgia?
52.6% of households in Upson County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Upson County, Georgia?
The housing vacancy rate in Upson County, Georgia is 16.1%, higher than the Georgia average of 10.6%.