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 | Wheeler County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $47,499 | $238,631 | $242,182 |
| Price Trend (Annual %) | 2.8% | 9.0% | 8.2% |
| Median Gross Rent | $551 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wheeler County is about 80% lower than in Georgia. Rent is about 58% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Wheeler County, up about 2.8% and 2.9% a year respectively. Rent is changing faster.
Median rent in Wheeler County rose about 16.2% between 2015 and 2023, from $475 to $551. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Wheeler County.
Buying the median-priced home in Wheeler County costs roughly 7.2 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 Wheeler County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Wheeler County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $47,499 | $238,631 | $242,182 |
| Median Household Income | $45,285 | $74,683 | $78,145 |
| Price-to-Income Ratio | 1.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Wheeler County rose about 26.7%, while median household income rose about 25.8% between 2009 and 2023 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Wheeler County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.7% | 58.4% | 58.2% |
| Rental Rate | 19.8% | 31.0% | 31.3% |
| Vacancy Rate | 36.5% | 10.6% | 10.6% |
| Median Tenure (years) | 21.0 | 14.0 | 15.0 |
| Median Year Moved In | 2005 | 2012 | 2011 |
Wheeler County has a homeownership rate of 43.7%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 36.5%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Wheeler County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 4.24 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.0 | 5.9 | 5.5 |
The typical housing unit in Wheeler County was built around 1981. On average, 4.2 people live in a home with about 5.0 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wheeler County, Georgia.
What is the median home price in Wheeler County, Georgia?
The median home price in Wheeler County, Georgia is $47,499, lower than the Georgia average of $238,631.
What is the average home price in Wheeler 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 Wheeler County, Georgia?
The median gross rent in Wheeler County, Georgia is $551 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Wheeler County in 2020?
In 2020, the median gross rent in Wheeler County, Georgia was $428 per month.
What is the price-to-rent ratio in Wheeler County, Georgia?
The price-to-rent ratio in Wheeler County, Georgia is about 7.2, meaning it would take roughly 7.2 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 Wheeler County.
Are home prices or rent rising faster in Wheeler County, Georgia?
Both home prices and rent are rising in Wheeler County, up about 2.8% and 2.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Wheeler County, Georgia?
43.7% of households in Wheeler County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Wheeler County, Georgia?
The housing vacancy rate in Wheeler County, Georgia is 36.5%, higher than the Georgia average of 10.6%.