Georgia Home Prices & Values

$136,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 8.4% 1-year change
  • 6.2% 1-year forecast

The median home value in Georgia is $136,200. Georgia home values have gone up 8.4% over the past year and Zillow predicts they will rise 6.2% within the next year. The median list price per square foot in Georgia is $92. The median price of homes currently listed in Georgia is $182,500 while the median price of homes that sold is $171,500. The median rent price in Georgia is $1,050.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Georgia is 5.1%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Georgia homeowners underwater on their mortgage is 26.0%.

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Relative ZHVI
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Georgia Market Overview

Data through Aug 31, 2014
  • $136,200 ZHVI
  • 6.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $182,500 Median listing price
  • $171,500 Median sale price
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Georgia Market Health

Data through Aug 31, 2014
  • 4.0/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No recent data Average days on Zillow
  • 26.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Georgia

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Cumming $254,000 Marietta $212,700 Atlanta $156,600
Lawrenceville $152,500 Gainesville $139,800 Athens $124,000
Savannah $109,300 Columbus $95,000 Augusta $79,100

Listings & Sales

Data through Aug 31, 2014
  • $92 Median list price / sq ft
  • $92 Median sale price / sq ft
  • 34.0% Listings with price cut
30.8%
Sold below listing
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Georgia Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,106 Georgia
$1,328 United States
  • No data Breakeven horizon
  • $1,050 Rent list price
  • $0.70 Rent list price / sq ft
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