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 | Wilcox County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $280,263 | $238,631 | $242,182 |
| Price Trend (Annual %) | 111.9% | 9.0% | 8.2% |
| Median Gross Rent | $612 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wilcox County is about 17% higher than in Georgia. Rent is about 53% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2019-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Wilcox County, up about 111.9% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Wilcox County rose about 28.0% between 2015 and 2023, from $478 to $612. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 6.0 yearly household incomes in Wilcox County.
Buying the median-priced home in Wilcox County costs roughly 38.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Wilcox County. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Wilcox County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $280,263 | $238,631 | $242,182 |
| Median Household Income | $46,827 | $74,683 | $78,145 |
| Price-to-Income Ratio | 6.0 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2019 and 2023, the median home price in Wilcox County rose about 500.6%, while median household income rose about 62.1% 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 | Wilcox County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.9% | 58.4% | 58.2% |
| Rental Rate | 19.6% | 31.0% | 31.3% |
| Vacancy Rate | 27.6% | 10.6% | 10.6% |
| Median Tenure (years) | 22.0 | 14.0 | 15.0 |
| Median Year Moved In | 2004 | 2012 | 2011 |
Wilcox County has a homeownership rate of 52.9%, lower than the Georgia average of 58.4%. Its housing vacancy rate is 27.6%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Wilcox County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Wilcox County was built around 1981. On average, 2.8 people live in a home with about 5.8 rooms, staying for about 22.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wilcox County, Georgia.
What is the median home price in Wilcox County, Georgia?
The median home price in Wilcox County, Georgia is $280,263, higher than the Georgia average of $238,631.
What is the average home price in Wilcox 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 Wilcox County, Georgia?
The median gross rent in Wilcox County, Georgia is $612 per month, lower than the Georgia average of $1,306.
What was the median gross rent in Wilcox County in 2020?
In 2020, the median gross rent in Wilcox County, Georgia was $513 per month.
What is the price-to-rent ratio in Wilcox County, Georgia?
The price-to-rent ratio in Wilcox County, Georgia is about 38.2, meaning it would take roughly 38.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Wilcox County.
Are home prices or rent rising faster in Wilcox County, Georgia?
Both home prices and rent are rising in Wilcox County, up about 111.9% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wilcox County, Georgia?
52.9% of households in Wilcox County, Georgia own their home, lower than the Georgia average of 58.4%.
What is the vacancy rate in Wilcox County, Georgia?
The housing vacancy rate in Wilcox County, Georgia is 27.6%, higher than the Georgia average of 10.6%.