Special Report
The Cheapest and Most Expensive Places to Buy a House in Georgia
Published:
Home prices have surged in the U.S. in recent years. Driven by rising demand and supply constraints during the pandemic, the median home sale price spiked by nearly 50% from the second quarter of 2020 to Q3 in 2022. While the sale price of a typical American home has fallen in recent months since, housing prices remain at historic highs.
Not only have home values soared, but borrowing costs for home buyers have also climbed. The average interest rate on a 30-year fixed mortgage has been above 6% since September 2022, a high not seen in nearly a decade and a half. In a market defined by high prices and high mortgage rates, homeownership has become prohibitively expensive for a large number of Americans.
Still, housing prices are also subject to a number of factors that can be isolated from broader, nationwide market trends — and location is one of them. Two homes that are virtually identical can vary in price by hundreds of thousands of dollars, depending on where they are. And for prospective homeowners on a budget, some Georgia cities are far more affordable than others.
According to five-year estimates from the U.S. Census Bureau’s 2022 American Community Survey, the typical home in Georgia is worth $245,900. But across the 47 cities, towns, and unincorporated communities in the state with populations of at least 25,000, median home values range from about $111,000 to more than $640,000.
In any local market, home prices are often a reflection of what residents can afford. In Georgia, many of the least expensive cities for homebuyers are not high-income areas. Of the 47 Georgia cities with available data from the ACS, 20 have a median home value that is less than the statewide median. In all but three of these places, the typical household earns less than the statewide median household income of $71,355. Similarly, most of Georgia’s more expensive housing markets have higher earning populations.
These are the cheapest and most expensive housing markets in Georgia.
47. Albany
- Median home value: $111,200
- Homes worth over $1 million: 0.6%
- Homeownership rate: 40.2%
- Median household income: $43,724
- Total population: 68,926
46. Augusta-Richmond County
- Median home value: $141,900
- Homes worth over $1 million: 0.9%
- Homeownership rate: 51.0%
- Median household income: $50,492
- Total population: 201,615
45. Statesboro
- Median home value: $142,600
- Homes worth over $1 million: 0.0%
- Homeownership rate: 20.0%
- Median household income: $38,845
- Total population: 33,185
44. LaGrange
- Median home value: $148,500
- Homes worth over $1 million: 1.5%
- Homeownership rate: 41.4%
- Median household income: $41,030
- Total population: 31,173
43. Valdosta
- Median home value: $152,100
- Homes worth over $1 million: 0.3%
- Homeownership rate: 40.3%
- Median household income: $41,365
- Total population: 55,266
42. Macon-Bibb County
- Median home value: $155,200
- Homes worth over $1 million: 0.7%
- Homeownership rate: 52.6%
- Median household income: $48,897
- Total population: 156,554
41. Hinesville
- Median home value: $156,000
- Homes worth over $1 million: 0.2%
- Homeownership rate: 44.7%
- Median household income: $54,447
- Total population: 34,732
40. Warner Robins
- Median home value: $159,000
- Homes worth over $1 million: 0.7%
- Homeownership rate: 52.8%
- Median household income: $63,678
- Total population: 80,374
39. Columbus
- Median home value: $168,400
- Homes worth over $1 million: 0.5%
- Homeownership rate: 49.5%
- Median household income: $54,561
- Total population: 204,572
38. Redan
- Median home value: $170,900
- Homes worth over $1 million: 0.0%
- Homeownership rate: 58.2%
- Median household income: $60,306
- Total population: 31,326
37. Dalton
- Median home value: $182,500
- Homes worth over $1 million: 0.8%
- Homeownership rate: 53.4%
- Median household income: $57,163
- Total population: 34,358
36. Stonecrest
- Median home value: $183,700
- Homes worth over $1 million: 0.3%
- Homeownership rate: 50.2%
- Median household income: $63,438
- Total population: 59,445
35. Rome
- Median home value: $192,700
- Homes worth over $1 million: 0.7%
- Homeownership rate: 50.9%
- Median household income: $48,512
- Total population: 37,621
34. Union City
- Median home value: $201,400
- Homes worth over $1 million: 0.2%
- Homeownership rate: 41.6%
- Median household income: $46,696
- Total population: 26,869
33. Savannah
- Median home value: $203,300
- Homes worth over $1 million: 2.1%
- Homeownership rate: 45.9%
- Median household income: $54,748
- Total population: 147,583
32. Martinez
- Median home value: $211,200
- Homes worth over $1 million: 0.9%
- Homeownership rate: 72.6%
- Median household income: $80,130
- Total population: 33,773
31. East Point
- Median home value: $217,300
- Homes worth over $1 million: 0.0%
- Homeownership rate: 42.0%
- Median household income: $59,602
- Total population: 38,113
30. Stockbridge
- Median home value: $241,400
- Homes worth over $1 million: 1.3%
- Homeownership rate: 49.3%
- Median household income: $72,175
- Total population: 28,858
29. South Fulton
- Median home value: $242,200
- Homes worth over $1 million: 0.3%
- Homeownership rate: 69.2%
- Median household income: $77,488
- Total population: 107,865
28. Athens-Clarke County
- Median home value: $242,300
- Homes worth over $1 million: 1.5%
- Homeownership rate: 40.6%
- Median household income: $47,798
- Total population: 126,672
27. McDonough
- Median home value: $246,800
- Homes worth over $1 million: 0.2%
- Homeownership rate: 49.9%
- Median household income: $77,804
- Total population: 29,134
26. Carrollton
- Median home value: $259,700
- Homes worth over $1 million: 1.4%
- Homeownership rate: 38.3%
- Median household income: $46,722
- Total population: 26,622
25. Kennesaw
- Median home value: $262,000
- Homes worth over $1 million: 0.2%
- Homeownership rate: 65.5%
- Median household income: $81,467
- Total population: 33,360
24. Pooler
- Median home value: $269,800
- Homes worth over $1 million: 0.7%
- Homeownership rate: 60.5%
- Median household income: $89,812
- Total population: 26,264
23. Douglasville
- Median home value: $274,500
- Homes worth over $1 million: 0.0%
- Homeownership rate: 49.2%
- Median household income: $72,753
- Total population: 35,252
22. Mableton
- Median home value: $278,300
- Homes worth over $1 million: 0.2%
- Homeownership rate: 74.5%
- Median household income: $79,069
- Total population: 41,647
21. Newnan
- Median home value: $284,600
- Homes worth over $1 million: 1.0%
- Homeownership rate: 56.5%
- Median household income: $74,606
- Total population: 42,689
20. Lawrenceville
- Median home value: $286,400
- Homes worth over $1 million: 0.0%
- Homeownership rate: 47.8%
- Median household income: $55,608
- Total population: 30,465
19. Gainesville
- Median home value: $296,400
- Homes worth over $1 million: 3.8%
- Homeownership rate: 43.4%
- Median household income: $64,163
- Total population: 42,780
18. Evans
- Median home value: $314,100
- Homes worth over $1 million: 1.3%
- Homeownership rate: 89.0%
- Median household income: $125,325
- Total population: 37,456
17. Canton
- Median home value: $324,000
- Homes worth over $1 million: 0.7%
- Homeownership rate: 55.9%
- Median household income: $75,414
- Total population: 33,499
16. Tucker
- Median home value: $331,100
- Homes worth over $1 million: 0.4%
- Homeownership rate: 64.5%
- Median household income: $80,311
- Total population: 36,994
15. Duluth
- Median home value: $334,800
- Homes worth over $1 million: 1.1%
- Homeownership rate: 55.3%
- Median household income: $88,915
- Total population: 31,742
14. Woodstock
- Median home value: $359,800
- Homes worth over $1 million: 1.0%
- Homeownership rate: 65.2%
- Median household income: $100,913
- Total population: 35,171
13. Marietta
- Median home value: $376,400
- Homes worth over $1 million: 2.9%
- Homeownership rate: 46.2%
- Median household income: $67,589
- Total population: 61,387
12. Smyrna
- Median home value: $380,100
- Homes worth over $1 million: 0.8%
- Homeownership rate: 57.2%
- Median household income: $92,258
- Total population: 55,863
11. Atlanta
- Median home value: $395,600
- Homes worth over $1 million: 12.2%
- Homeownership rate: 45.7%
- Median household income: $77,655
- Total population: 494,838
10. Chamblee
- Median home value: $395,900
- Homes worth over $1 million: 4.1%
- Homeownership rate: 39.8%
- Median household income: $76,682
- Total population: 29,980
9. Peachtree City
![](https://a673b.bigscoots-temp.com/wp-content/uploads/2021/11/1619px-City_Hall_Dogwoods_and_Golf_Cart-e1636735256624.jpg "User:PTCdude&action=edit&redlink=1","authorName":"PTCdude","imgSrc":"https:\/\/en.wikipedia.org\/wiki\/File:City_Hall_Dogwoods_and_Golf_Cart.jpg"}"")
- Median home value: $435,300
- Homes worth over $1 million: 2.5%
- Homeownership rate: 74.5%
- Median household income: $111,850
- Total population: 38,414
8. Peachtree Corners
- Median home value: $444,000
- Homes worth over $1 million: 1.8%
- Homeownership rate: 50.7%
- Median household income: $74,716
- Total population: 42,147
7. Roswell
- Median home value: $479,400
- Homes worth over $1 million: 3.6%
- Homeownership rate: 70.8%
- Median household income: $122,924
- Total population: 92,770
6. Johns Creek
- Median home value: $525,100
- Homes worth over $1 million: 4.2%
- Homeownership rate: 78.8%
- Median household income: $153,882
- Total population: 82,230
5. Dunwoody
- Median home value: $545,200
- Homes worth over $1 million: 2.8%
- Homeownership rate: 55.7%
- Median household income: $106,710
- Total population: 51,458
4. Sandy Springs
- Median home value: $556,300
- Homes worth over $1 million: 15.4%
- Homeownership rate: 50.5%
- Median household income: $93,303
- Total population: 107,221
3. Alpharetta
- Median home value: $562,000
- Homes worth over $1 million: 5.9%
- Homeownership rate: 67.2%
- Median household income: $141,402
- Total population: 65,884
2. Brookhaven
- Median home value: $626,800
- Homes worth over $1 million: 13.2%
- Homeownership rate: 54.6%
- Median household income: $114,570
- Total population: 56,848
1. Milton
- Median home value: $642,500
- Homes worth over $1 million: 17.0%
- Homeownership rate: 74.0%
- Median household income: $142,845
- Total population: 41,029
| Rank | Places in Georgia with at least 25,000 residents | Median home value ($) | Homeownership rate (%) | Median household income ($) | Total Population |
|---|---|---|---|---|---|
| 1 | Milton | 642,500 | 74.0 | 142,845 | 41,029 |
| 2 | Brookhaven | 626,800 | 54.6 | 114,570 | 56,848 |
| 3 | Alpharetta | 562,000 | 67.2 | 141,402 | 65,884 |
| 4 | Sandy Springs | 556,300 | 50.5 | 93,303 | 107,221 |
| 5 | Dunwoody | 545,200 | 55.7 | 106,710 | 51,458 |
| 6 | Johns Creek | 525,100 | 78.8 | 153,882 | 82,230 |
| 7 | Roswell | 479,400 | 70.8 | 122,924 | 92,770 |
| 8 | Peachtree Corners | 444,000 | 50.7 | 74,716 | 42,147 |
| 9 | Peachtree City | 435,300 | 74.5 | 111,850 | 38,414 |
| 10 | Chamblee | 395,900 | 39.8 | 76,682 | 29,980 |
| 11 | Atlanta | 395,600 | 45.7 | 77,655 | 494,838 |
| 12 | Smyrna | 380,100 | 57.2 | 92,258 | 55,863 |
| 13 | Marietta | 376,400 | 46.2 | 67,589 | 61,387 |
| 14 | Woodstock | 359,800 | 65.2 | 100,913 | 35,171 |
| 15 | Duluth | 334,800 | 55.3 | 88,915 | 31,742 |
| 16 | Tucker | 331,100 | 64.5 | 80,311 | 36,994 |
| 17 | Canton | 324,000 | 55.9 | 75,414 | 33,499 |
| 18 | Evans | 314,100 | 89.0 | 125,325 | 37,456 |
| 19 | Gainesville | 296,400 | 43.4 | 64,163 | 42,780 |
| 20 | Lawrenceville | 286,400 | 47.8 | 55,608 | 30,465 |
| 21 | Newnan | 284,600 | 56.5 | 74,606 | 42,689 |
| 22 | Mableton | 278,300 | 74.5 | 79,069 | 41,647 |
| 23 | Douglasville | 274,500 | 49.2 | 72,753 | 35,252 |
| 24 | Pooler | 269,800 | 60.5 | 89,812 | 26,264 |
| 25 | Kennesaw | 262,000 | 65.5 | 81,467 | 33,360 |
| 26 | Carrollton | 259,700 | 38.3 | 46,722 | 26,622 |
| 27 | McDonough | 246,800 | 49.9 | 77,804 | 29,134 |
| 28 | Athens-Clarke County | 242,300 | 40.6 | 47,798 | 126,672 |
| 29 | South Fulton | 242,200 | 69.2 | 77,488 | 107,865 |
| 30 | Stockbridge | 241,400 | 49.3 | 72,175 | 28,858 |
| 31 | East Point | 217,300 | 42.0 | 59,602 | 38,113 |
| 32 | Martinez | 211,200 | 72.6 | 80,130 | 33,773 |
| 33 | Savannah | 203,300 | 45.9 | 54,748 | 147,583 |
| 34 | Union City | 201,400 | 41.6 | 46,696 | 26,869 |
| 35 | Rome | 192,700 | 50.9 | 48,512 | 37,621 |
| 36 | Stonecrest | 183,700 | 50.2 | 63,438 | 59,445 |
| 37 | Dalton | 182,500 | 53.4 | 57,163 | 34,358 |
| 38 | Redan | 170,900 | 58.2 | 60,306 | 31,326 |
| 39 | Columbus | 168,400 | 49.5 | 54,561 | 204,572 |
| 40 | Warner Robins | 159,000 | 52.8 | 63,678 | 80,374 |
| 41 | Hinesville | 156,000 | 44.7 | 54,447 | 34,732 |
| 42 | Macon-Bibb County | 155,200 | 52.6 | 48,897 | 156,554 |
| 43 | Valdosta | 152,100 | 40.3 | 41,365 | 55,266 |
| 44 | LaGrange | 148,500 | 41.4 | 41,030 | 31,173 |
| 45 | Statesboro | 142,600 | 20.0 | 38,845 | 33,185 |
| 46 | Augusta-Richmond County | 141,900 | 51.0 | 50,492 | 201,615 |
| 47 | Albany | 111,200 | 40.2 | 43,724 | 68,926 |
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
