Banks County, Georgia Housing Market
In Banks County, Georgia, the median home value is $278,100, with a median monthly rent of $827. This places Banks County at #739 nationally out of 3134 counties by median home value, and #37 within Georgia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $899
- Establishments: 362
- BLS QCEW, 2025
Housing Supply
- Single-family: 109
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,936 (avg $64,474)
- Outflow: 6,486 (avg $64,639)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Banks County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 30511 | 291.7 | +21.98% | 2025 |
| 2 | 30543 | 281.5 | -5.47% | 2025 |
| 3 | 30510 | 258.5 | +15.31% | 2025 |
| 4 | 30554 | 283.6 | +13.81% | 2025 |
| 5 | 30530 | 237.3 | -4.19% | 2025 |
| 6 | 30633 | 243.8 | +4.03% | 2025 |
| 7 | 30547 | 251.7 | +14.13% | 2025 |
| 8 | 30577 | 224.2 | +11.47% | 2025 |
| 9 | 30521 | 233.5 | +13.41% | 2025 |
| 10 | 30529 | 264.5 | +8.87% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Banks County Compares
| Metric | Banks County | Georgia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $278,100 | $197,932 | $227,706 |
| Median Gross Rent | $827 | $965 | $968 |
| Owner Occupancy Rate | 78.7% | 70.6% | 73.3% |
| Price/Rent Ratio | 28.0 | 16.6 | 18.7 |
Market Analysis
The median home value in Banks County is 40.5% above the Georgia state average and 22.1% above the U.S. national average. The median rent of $827/month is 14.3% below the state average.
With a price-to-rent ratio of 28.0, Banks County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Banks County has an owner-occupancy rate of 78.7%, compared to 70.6% in Georgia and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Washington County | Idaho | $278,100 | $938 |
| Humboldt County | Nevada | $278,300 | $994 |
| Clay County | North Carolina | $278,400 | $804 |
| Bandera County | Texas | $278,400 | $1,149 |
| Cumberland County | Pennsylvania | $277,600 | $1,249 |
Other Counties in Georgia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| White County | $278,900 | $1,032 | 78.8% |
| Effingham County | $276,000 | $1,147 | 78.4% |
| Monroe County | $271,200 | $943 | 83.8% |
| Bartow County | $289,000 | $1,268 | 72.8% |
| Newton County | $265,000 | $1,439 | 73.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).