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.
Housing Market Overview
| Metric | Woodstock | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $297,484 | $238,631 | $242,182 |
| Price Trend (Annual %) | 5.6% | 9.0% | 8.2% |
| Median Gross Rent | $1,750 | $1,306 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Woodstock is about 25% higher than in Georgia. Rent is about 34% higher 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 Woodstock, up about 5.6% and 6.6% a year respectively. Rent is changing faster.
Median rent in Woodstock rose about 68.3% between 2015 and 2023, from $1,039 to $1,750. Over the same span, rent in Georgia rose about 48.7%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Woodstock.
Buying the median-priced home in Woodstock costs roughly 14.2 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 Woodstock. The price-to-rent ratio in Georgia is about 15.2.
| Metric | Woodstock | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $297,484 | $238,631 | $242,182 |
| Median Household Income | $103,048 | $74,683 | $78,145 |
| Price-to-Income Ratio | 2.9 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Woodstock rose about 46.3%, while median household income rose about 58.3% 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 | Woodstock | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.6% | 58.4% | 58.2% |
| Rental Rate | 32.2% | 31.0% | 31.3% |
| Vacancy Rate | 3.3% | 10.6% | 10.6% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Woodstock has a homeownership rate of 64.6%, higher than the Georgia average of 58.4%. Its housing vacancy rate is 3.3%, compared with 10.6% in Georgia.
Housing Stock
| Metric | Woodstock | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.64 people | 2.54 people |
| Median Structure Built Year | 2002 | 1989 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Woodstock was built around 2002. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Woodstock, Georgia.
What is the median home price in Woodstock, Georgia?
The median home price in Woodstock, Georgia is $297,484, higher than the Georgia average of $238,631.
What is the average home price in Woodstock, 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 Woodstock, Georgia?
The median gross rent in Woodstock, Georgia is $1,750 per month, higher than the Georgia average of $1,306.
What was the median gross rent in Woodstock in 2020?
In 2020, the median gross rent in Woodstock, Georgia was $1,332 per month.
What is the price-to-rent ratio in Woodstock, Georgia?
The price-to-rent ratio in Woodstock, Georgia is about 14.2, meaning it would take roughly 14.2 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 Woodstock.
Are home prices or rent rising faster in Woodstock, Georgia?
Both home prices and rent are rising in Woodstock, up about 5.6% and 6.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Woodstock, Georgia?
64.6% of households in Woodstock, Georgia own their home, higher than the Georgia average of 58.4%.
What is the vacancy rate in Woodstock, Georgia?
The housing vacancy rate in Woodstock, Georgia is 3.3%, lower than the Georgia average of 10.6%.