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 | Ware County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,413 | $238,631 | $242,182 |
| Price Trend (Annual %) | 26.5% | 9.0% | 8.2% |
| Median Gross Rent | $785 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 2.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ware County is about 23% 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 Ware County, up about 26.5% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Ware County rose about 23.7% between 2015 and 2023, from $635 to $785. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Ware County.
Buying the median-priced home in Ware County costs roughly 19.6 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 Ware County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Ware County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,413 | $238,631 | $242,182 |
| Median Household Income | $44,809 | $74,683 | $78,145 |
| Price-to-Income Ratio | 4.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ware County rose about 169.6%, while median household income rose about 33.2% 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 | Ware County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.7% | 58.4% | 58.2% |
| Rental Rate | 31.1% | 31.0% | 31.3% |
| Vacancy Rate | 19.2% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Ware County has a homeownership rate of 49.7%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 19.2%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Ware County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1982 | 1989 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Ware County was built around 1982. On average, 2.6 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ware County, Georgia.
What is the median home price in Ware County, Georgia?
The median home price in Ware County, Georgia is $184,413, lower than the Georgia average of $238,631.
What is the average home price in Ware 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 Ware County, Georgia?
The median gross rent in Ware County, Georgia is $785 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Ware County in 2020?
In 2020, the median gross rent in Ware County, Georgia was $673 per month.
What is the price-to-rent ratio in Ware County, Georgia?
The price-to-rent ratio in Ware County, Georgia is about 19.6, meaning it would take roughly 19.6 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 Ware County.
Are home prices or rent rising faster in Ware County, Georgia?
Both home prices and rent are rising in Ware County, up about 26.5% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ware County, Georgia?
49.7% of households in Ware County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Ware County, Georgia?
The housing vacancy rate in Ware County, Georgia is 19.2%, higher than the Georgia average of 10.6%.