Clarke County, Georgia Housing Market
In Clarke County, Georgia, the median home value is $298,900, with a median monthly rent of $1,219. This places Clarke County at #632 nationally out of 3134 counties by median home value, and #30 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: $1,099
- Establishments: 3,900
- BLS QCEW, 2025
Housing Supply
- Single-family: 226
- Multi-family: 522
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 42,711 (avg $78,816)
- Outflow: 39,978 (avg $77,786)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Clarke County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 30683 | 254.3 | +8.55% | 2025 |
| 2 | 30607 | 285.2 | +5.84% | 2025 |
| 3 | 30601 | 347.5 | +7.59% | 2025 |
| 4 | 30646 | 274.1 | +8.20% | 2025 |
| 5 | 30605 | 275.3 | +4.41% | 2025 |
| 6 | 30606 | 296.6 | +3.41% | 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.
📝 Local Market Notes
Clarke County, Georgia, presents a distinctively balanced market characterized by significant affordability challenges relative to income levels. The price-to-income ratio stands at 5.57, substantially exceeding the national average of 3.20, while the rent burden consumes 27.3% of median household income compared to the 17.2% national benchmark. These metrics indicate that both purchasing and renting are financially strained for the average resident, with the median home value of $298,900 sitting 31.3% above the national average despite a median household income that is 21.1% below the national norm. The low owner-occupancy rate of 41.4% further underscores the structural difficulty of entering the homeownership market in this region. The market exhibits strong upward momentum, with home values rising 9.9% year-over-year in 2024 and 5.45% in recent FHFA data, outperforming the Georgia state average by 3.62 percentage points. This growth trajectory follows a peak annual increase of 21.7% in 2022, suggesting a market that has moderated but remains robust. A notable pattern is the divergence between asset appreciation and income growth; while home values have nearly doubled since 2017, median household income has not kept pace, widening the affordability gap. The price-to-rent ratio of 20.4, slightly above the national average of 18.7, reinforces that equity accumulation is currently more attractive than rental yields, yet the absolute cost remains high for local earners. Economic fundamentals provide partial support for these price increases. Local employment totals 52,339 jobs with an average weekly wage of $1,099, and the county experienced a net inflow of 2,733 tax filers between 2021 and 2022, with incoming residents earning slightly more than those leaving. Housing supply is actively expanding, with 748 new units authorized in 2025, including 522 multi-family units, which may help alleviate rental pressure. However, the current 30-year fixed mortgage rate of 7.40% significantly dampens purchasing power, making the high price-to-income ratio even more acute. For potential buyers, the data suggests that while the market is appreciating, the disconnect between asset values and local wages remains the primary barrier to entry. Renters face similarly elevated costs, with median gross rent at $1,219 per month, reflecting the broader regional demand for housing.
🔗 Explore Clarke County on Our Sister Sites
Get the complete picture for Clarke County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Clarke County Compares
| Metric | Clarke County | Georgia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $298,900 | $197,932 | $227,706 |
| Median Gross Rent | $1,219 | $965 | $968 |
| Owner Occupancy Rate | 41.4% | 70.6% | 73.3% |
| Price/Rent Ratio | 20.4 | 16.6 | 18.7 |
Market Analysis
The median home value in Clarke County is 51.0% above the Georgia state average and 31.3% above the U.S. national average. The median rent of $1,219/month is 26.3% above the state average.
With a price-to-rent ratio of 20.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Clarke County has an owner-occupancy rate of 41.4%, compared to 70.6% in Georgia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Hampden County | Massachusetts | $298,800 | $1,136 |
| Pender County | North Carolina | $299,000 | $1,106 |
| Fairfield County | Ohio | $298,800 | $1,172 |
| Greenville County | South Carolina | $299,000 | $1,262 |
| Sevier County | Tennessee | $299,000 | $1,072 |
Other Counties in Georgia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Douglas County | $296,900 | $1,570 | 66.9% |
| Glynn County | $301,300 | $1,135 | 66.7% |
| Rabun County | $295,200 | $1,047 | 77.1% |
| Chatham County | $302,700 | $1,471 | 56.8% |
| Harris County | $302,800 | $1,048 | 88.8% |
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).