The Cheapest and Most Expensive Places to Buy a House in Georgia

Special Report

Published: March 28, 2024 11:50 am

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

DeKalb County Georgia Incorporated and Unincorporated areas Redan Highlighted 1363952 by DemocraticLuntz

DeKalb County Georgia Incorporated and Unincorporated areas Redan Highlighted 1363952 (CC BY-SA 4.0) by DemocraticLuntz

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

Martinez, Ga (Arial, Sunset) by OnlineInfamous

Martinez, Ga (Arial, Sunset) (CC BY-SA 4.0) by OnlineInfamous

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

Pooler, Georgia (CC BY-SA 4.0) by Ken Lund

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

Residential Street in Mableton - II by Kmvl11

Residential Street in Mableton - II (CC BY-SA 4.0) by Kmvl11

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

Chris Christie Campaigns With Georgia Governor Brian Kemp For Republican Nomination

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

Gazebo at Henderson Park in Tucker, Georgia by Matthew R. Lee

Gazebo at Henderson Park in Tucker, Georgia (CC BY-SA 3.0) by Matthew R. Lee

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

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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

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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

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Read more: Special Report, acs, census bureau, cheapest city to buy a home in Georgia, cheapest place to own a home in Georgia, home prices in Georgia, median home value, most affordable housing market in Georgia, most and least expensive Georgia cities, most expensive place to buy a home in Georgia, Housing

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