The housing market in Georgia State is generally considered to be a healthy one. According to the data, the median value of an existing home in the state is $308,200, which is slightly lower than the US average of $338,100. However, despite this disparity in prices, there has been an impressive rise in growth over the past year with a rate of 11.33%, compared to the US rate of 8.27%. This indicates that Georgia State's housing market is continuing to become more valuable and appealing for potential homeowners.
The median home cost in Georgia is $308,200. Home appreciation the last 10 years has been 132.0%. Home Appreciation in Georgia is up 21.9%.
Average Age of Homes
- The median age of Georgia real estate is 29 years old
The Rental Market in Georgia
- Renters make up 30.8% of the Georgia population
- 2.3% of houses and apartments in Georgia, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.