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Sarah Mitchell

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Compass Real Estate · Georgia

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Georgia(512) 555-0184TX License #0512847

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Georgia housing market

The typical home in Georgia is worth $330,817, down 0.5% over the past year. Homes that actually closed went for a median of $389,000 after 49 days on market. On supply, pricing discipline, and speed of sale, Georgia currently reads as a balanced market at 3.9 months of supply. At today's 7.03% 30-year fixed rate, that typical home costs $1,766 a month in principal and interest with 20.0% down.

Sources: Zillow, August 2026 · Refreshes monthly · Redfin, through May 2026 · Freddie Mac via FRED, September 2026

Georgia housing market at a glance

Every tile carries the provider and the month it was published

Typical home value

$330,817

-0.5% YoY · Zillow, August 2026

Median sale price

$389,000

Redfin, through May 2026

Typical asking rent

$1,751/mo

Median of 106 cities · Zillow, August 2026

30-yr fixed rate

7.03%

Freddie Mac via FRED, September 2026

Monthly P&I

$1,766

20.0% down, 30-yr fixed

Days on market

+1 days YoY

Active listings

44,591

-12.0% YoY

Median household income

$74,664

U.S. Census ACS, 2023

Typical home value is Zillow's ZHVI — the value of a typical home across the whole housing stock, not just the homes that sold. Median sale price is what actually closed. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.

Where Georgia home prices are heading

Georgia's typical home value is $330,817, down 0.5% over 12 months. The two-year number matters more than the one-year number: it spans a full rate cycle rather than a single seasonal swing. Values are currently 2.8% below their two-year high, which means sellers who bought at the top may need to bring money to closing rather than take equity out of it.

Against the national picture, Georgia runs 10.3% below the U.S. typical home value of $368,697, and its 12-month move of -0.5% is trailing the national pace of +1.2%.

What would have to change for Georgia prices to fall. Prices fall when supply outruns demand for long enough that sellers compete on price rather than waiting. Georgia is carrying 3.9 months of supply — below the four-month line, so inventory would have to roughly double before sellers lose pricing power. Active listings are -12.0% year over year and new listings -11.6%, so supply is still tightening, which supports prices even with weak demand. The other lever is the rate. At 7.03%, existing owners with cheaper mortgages have little reason to list, which is what has kept supply artificially low across most of the country. A sustained move down in rates unlocks those sellers and adds inventory; it also adds buyers. Which side moves first decides the direction.

Market trends

Statewide monthly series · Redfin, through May 2026 · No longer updating · Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.

What it costs to buy in Georgia at today's rate

Down payment

$66,163

20.0% of value

Loan amount

$264,654

30-yr fixed

Monthly P&I

$1,766

at 7.03%

Income needed

$75,686

28.0% front-end ratio

A buyer purchasing the typical Georgia home at $330,817 puts $66,163 down, finances $264,654, and pays $1,766 a month in principal and interest. Property taxes, homeowners insurance, HOA dues, and mortgage insurance sit on top of that and vary by county — budget for them separately rather than assuming the P&I figure is the payment.

Lenders typically want principal and interest under 28.0% of gross income, which puts the qualifying income for that purchase at roughly $75,686. Georgia's median household earns $74,664 (Census ACS 2023) — a gap of $1,022 above what the median household brings in. Put differently, the median household would spend 28.4% of gross income on principal and interest alone — above the ratio most lenders underwrite to, which is why buyers here typically need a larger down payment, a co-borrower, or a cheaper city than the statewide typical home.

The value-to-income ratio in Georgia is 4.4x. Between roughly 3.5x and 5x, prices are ahead of local earnings but still within reach for higher-earning households. Model your own numbers in the affordability calculator or the mortgage calculator.

Figures are illustrative, not a quote or a pre-approval. Rate: Freddie Mac via FRED, September 2026 · Value: Zillow, August 2026 · Income: U.S. Census ACS, 2023

Buying in Georgia in the next 12 months?

Tell us your timeline. We send the Georgia market brief: the price ranges that are actually clearing, the cities where your budget goes furthest, and what to fix on your credit before you apply.

Rent or buy in Georgia?

Zillow publishes its rent index per city rather than per state, so the honest statewide read is the median across the 106 largest Georgia cities that carry it: $1,751 a month. Set against a typical home value of $330,817, that is a price-to-rent ratio of 15.7x.

Between 15x and 20x the two options are close enough that the tiebreaker is how long you stay, not the ratio itself. Principal and interest on the typical home runs $15 more per month than that typical rent — and that is before taxes, insurance, and the roughly 1% of value a year most owners spend on maintenance.

For a second read on the same question, the Census ACS puts median gross rent across all Georgia households — every unit type, not just what is currently listed — at $1,306 a month (2023), with 65.4% of Georgia households owning rather than renting. Asking rents lead the ACS figure because they reflect today's new leases rather than the whole stock of existing ones.

Run the rent-vs-buy calculator with your own holding period and down payment — the statewide ratio is a starting point, not an answer.

Supply: what is on the market in Georgia

Georgia inventory, new listings, sales, and supply, latest month versus the same month a year earlier
Measure	Latest	Year earlier	Change
Active listings	44,591	50,687	-12.0%
New listings	15,285	17,283	-11.6%
Homes sold	11,339	12,142	-6.6%
Months of supply	3.9	4.2	-0.3
Sale-to-list ratio	98.1%	98.0%	Below asking

What these mean. Active listings is the shelf — everything a buyer could tour today. New listings is restock rate; when it falls faster than sales, the shelf empties. Months of supply is active inventory divided by homes sold per month: at the current sales pace, how many months it would take to sell every home currently listed. Under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut. These are the same thresholds the market verdict on every city and ZIP page is scored against. Sale-to-list ratio is the discipline check — above 100% means homes are clearing over asking on average, below means sellers are conceding.

Redfin, through May 2026 · No longer updating — Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Zillow's inventory and new-listing counts are published per city and appear on the individual city pages.

Where Georgia home values are moving fastest

12-month change in typical home value · Zillow, August 2026

Rising fastest

Falling

Computed from Zillow's typical home value for each city at August 2026 against the same month a year earlier, across the 150 largest Georgia cities by population. Small markets swing hardest because a handful of transactions moves the index — read the city page before treating a large move as a trend.

The most and least expensive cities in Georgia

Typical home value across the 150 largest cities · Zillow, August 2026

Most expensive

1.Milton$946,504
2.Skidaway Island$893,255
3.Brookhaven$744,798
4.Alpharetta$716,629
5.Johns Creek$695,041
6.Sandy Springs$692,396
7.Dunwoody$672,389
8.Roswell$653,146
9.Cumming$595,137
10.Suwanee$594,672

Most affordable

1.Fitzgerald$131,320
2.Albany$133,518
3.Americus$134,051
4.Cordele$141,185
5.Georgetown$145,799
6.Waycross$148,408
7.Fort Valley$163,465
8.Forest Park$164,104
9.Moultrie$168,708
10.Sylvester$173,442

The spread between Milton and Fitzgerald is 7.2x — one reason a single statewide number is close to useless for a buyer with a fixed budget. Pick the city first, then the price band. Speed is a separate axis from price: Bainbridge was the quickest of these markets to clear at 1 days on market (Redfin, through May 2026).

How Georgia compares

Georgia typical home value, 12-month change, median household income, and value-to-income ratio compared with the United States and neighboring states
Market	Typical value	12-mo change	Median income	Value / income
Georgia	$330,817	-0.5%	$74,664	4.4x
United States	$368,697	+1.2%	—	—
Florida	$375,470	-1.5%	$71,711	5.2x
North Carolina	$334,773	-0.0%	$69,904	4.8x
Tennessee	$334,108	+0.7%	$67,097	5.0x

The three states above are Georgia's nearest land neighbours — the markets buyers most often price against when a move is still negotiable. Georgia is the cheapest of this group on a typical-value basis, which is what makes it a destination rather than an origin for cross-state moves.

Values and 12-month changes: Zillow, August 2026 · Refreshes monthly. Income: U.S. Census ACS, 2023. ACS publishes household income per state, not for the nation on the same basis, so the U.S. row shows home value only.

Georgia housing markets by city

429 cities tracked — the 60 largest by population shown

Atlanta

$381,948

Augusta-Richmond County consolidated government (balance)

Pop. 202K

Savannah

$322,239

South Fulton

Pop. 109K

Sandy Springs

$692,396

Roswell

$653,146

Johns Creek

$695,041

Warner Robins

$215,087

Albany

$133,518

Alpharetta

$716,629

Marietta

$471,117

Stonecrest

Pop. 60K

Brookhaven

$744,798

Smyrna

$443,309

Valdosta

$214,117

Dunwoody

$672,389

Gainesville

$371,176

Newnan

$364,652

Mableton

$349,892

Peachtree Corners

$542,915

Milton

$946,504

Peachtree City

$568,740

East Point

$232,397

Rome

$233,285

Evans

$407,076

Tucker

$386,065

Woodstock

$456,827

Douglasville

$302,238

Stockbridge

$290,806

Hinesville

$237,535

Canton

$513,710

Dalton

$239,325

Statesboro

$273,573

Kennesaw

$401,829

Martinez

$286,339

Duluth

$437,770

LaGrange

$240,309

Lawrenceville

$376,674

Redan

Pop. 30K

Chamblee

$476,005

McDonough

$333,044

Union City

$233,375

Pooler

$341,902

Carrollton

$289,394

Sugar Hill

$440,427

Decatur

$279,906

Griffin

$241,916

Cartersville

$324,788

Acworth

$406,860

Perry

$276,152

Suwanee

$594,672

Candler-McAfee

Pop. 21K

Snellville

$352,238

Forest Park

$164,104

Fayetteville

$433,699

Kingsland

$296,513

Winder

$340,237

St. Marys

Pop. 19K

Thomasville

$235,480

North Decatur

Pop. 18K

Browse all 429 Georgia cities Compare every state →

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What to do next in Georgia

If you are buying

Set the payment before the price. Start from what you can carry monthly, then work backwards with the affordability calculator — the typical Georgia home is $1,766/mo in P&I today.
Pick the city, not the state. Values across Georgia run from $131,320 in Fitzgerald to $946,504 in Milton.
Put two finalists head to head in the city comparison tool before you tour anything.
Fix the credit file before you shop the rate. A better score moves the payment more than haggling over price does at 7.03%.

If you are selling

Price against your city, not the statewide figure — the spread between Georgia markets is wider than the year-over-year move in any of them.
Read the supply table above. At 3.9 months of supply, you still set the terms — but only if the home is priced to the comps on day one.
Watch days on market in your city, not the state. The statewide median was 49 days (Redfin, through May 2026); your city page carries its own.
Time the listing against new-listing volume. New listings are -11.6% year over year — less competition than a year ago.

Georgia housing market questions

What is the typical home value in Georgia?

The typical home value in Georgia is $330,817 (Zillow, August 2026). That is a -0.5% change over the past 12 months. The median price of homes that actually sold was $389,000 (Redfin, through May 2026); sale prices skew toward whatever segment is transacting, which is why they differ from the typical-value figure.

Are Georgia home prices going up or down?

Georgia home values are down 0.5% year over year (Zillow, August 2026). Values sit 2.8% below their highest reading in the past two years.

How much income do you need to buy a home in Georgia?

At the current 30-year fixed rate of 7.03%, a $330,817 home with 20.0% down carries roughly $1,766 a month in principal and interest. Using the 28% front-end ratio most lenders underwrite to, that implies a household income of about $75,686 before taxes, insurance, HOA dues, or mortgage insurance are added. Georgia's median household income is $74,664 (Census ACS, 2023), a gap of $1,022 above the median household. These figures are illustrative, not a quote or a pre-approval.

Is it cheaper to rent or buy in Georgia?

Typical asking rent across the largest Georgia cities Zillow publishes rent data for is $1,751 a month (median of 106 cities, Zillow, August 2026). Against a typical home value of $330,817, that is a price-to-rent ratio of 15.7x. Ratios under about 15x generally favour buying if you plan to stay put; above about 20x, renting and investing the difference tends to win over short horizons. Principal and interest alone runs $15 more than that typical rent each month, before taxes, insurance, and maintenance.

Which Georgia cities are the most affordable?

Among the largest cities we track in Georgia, the lowest typical home values are in Fitzgerald ($131,320), Albany ($133,518), Americus ($134,051), Cordele ($141,185), Georgetown ($145,799). Values are Zillow's typical-home-value index for August 2026.

Which Georgia cities are the most expensive?

The highest typical home values among the largest Georgia cities are in Milton ($946,504), Skidaway Island ($893,255), Brookhaven ($744,798), Alpharetta ($716,629), Johns Creek ($695,041). Price per square foot, inventory, and days on market for each are on the individual city pages.

Which Georgia cities are appreciating the fastest?

Over the past 12 months the largest home-value gains among Georgia cities we track were in Georgetown (+11.0%), Sylvester (+8.4%), Waynesboro (+6.4%), Bainbridge (+5.7%), Barnesville (+5.3%). Fast appreciation usually reflects constrained supply, in-migration, or a small transaction base — check the individual city page before reading it as a trend.

How long do homes take to sell in Georgia?

Homes in Georgia spent a median of 49 days on market in the last month Redfin published (Redfin, through May 2026). That is 1 days slower than the same month a year earlier. The quickest market among the state's largest cities was Bainbridge at 1 days. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.

How does Georgia compare to neighboring states?

Georgia's typical home value of $330,817 compares with Florida at $375,470, North Carolina at $334,773, Tennessee at $334,108. The U.S. typical home value is $368,697, putting Georgia 10.3% below the national figure.

Is now a good time to buy in Georgia?

That depends on your timeline, not the headline. The measurable inputs today: a 30-year fixed rate of 7.03%, 3.9 months of supply statewide (Redfin, through May 2026), active listings -12.0% year over year, and home values -0.5% over the past year. Buyers with a five-year-plus horizon are mostly exposed to the payment, not the price, so the rate you can qualify for matters more than the month you buy. Properties Incorporated is an independent data platform, not a brokerage or lender — this is information, not advice.

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