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These days, finding an affordable place to live in the Georgia area can be challenging. Home prices in Georgia are now at a median cost of $231,203, lower than the the United States average of $313,691.
The average cost of rent is $1,233/mo in Georgia, primarily driven by the current value of real estate in the Georgia area. While nearly 36.61% of residents own their homes outright in Georgia, 33.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in Georgia is $6,404 per month. Households that rent pay about 19.26% of their income on rent here. Georgia's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the state.
Nearby States
- South Carolina: equally priced homes
- Alabama: less expensive homes
- Tennessee: equally priced homes
- North Carolina: equally priced homes
- Kentucky: less expensive homes
- Florida: higher priced homes
- Mississippi: less expensive homes
- West Virginia: less expensive homes
- Virginia: higher priced homes
- Louisiana: less expensive homes
States with Similar Populations
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