Cook County, Georgia Housing Market
In Cook County, Georgia, the median home value is $157,500, with a median monthly rent of $956. This places Cook County at #2077 nationally out of 3134 counties by median home value, and #91 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: $889
- Establishments: 384
- BLS QCEW, 2025
Housing Supply
- Single-family: 53
- Multi-family: 225
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,754 (avg $52,151)
- Outflow: 5,469 (avg $52,842)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Cook County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 31632 | 219.3 | +8.12% | 2025 |
| 2 | 31620 | 224.8 | +10.33% | 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
Cook County, Georgia, operates as a distinctively balanced market with strong indicators favoring buyers, characterized by a price-to-rent ratio of 13.7, significantly below the national average of 18.7. This metric suggests that purchasing is financially more advantageous than renting, a position reinforced by a price-to-income ratio of 2.94, which undercuts the national benchmark of 3.20. While the median home value of $157,500 remains 30.8% below the national average, the affordability gap is narrowing relative to income, as the median household income of $53,651 trails the national mean by only 21.1%. The rent burden stands at 21.4% of income, exceeding the national average of 17.2%, indicating that while homeownership is accessible, rental costs represent a heavier financial load for tenants. Recent data reveals a sharp acceleration in asset appreciation, with home values surging 28.0% year-over-year to reach $157,500 in 2024, following a period of moderate growth between 2017 and 2023. This trajectory is corroborated by the FHFA House Price Index, which shows a 7.00% year-over-year increase in 2025, outperforming the state average of 1.83% by 5.17 percentage points. This divergence highlights a localized momentum that exceeds broader regional trends. The housing supply pipeline supports this demand, with 278 new units authorized in 2025, predominantly multi-family (225 units), suggesting developers are responding to rental demand rather than expanding single-family inventory, which saw only 53 permits. The economic foundation remains modest, with total employment at 3,320 jobs and an average weekly wage of $889, yet the market is sustained by positive net migration of 285 filers between 2021 and 2022. Incoming residents, with an average income of $52,151, are slightly less affluent than those leaving, yet their volume contributes to sustained demand. With the 30-year fixed mortgage rate at 7.40%, high interest costs temper immediate purchasing power, yet the significant discount to national price levels provides a buffer. The owner-occupancy rate of 66.0% indicates a stable residential base, but the rapid price appreciation relative to wage growth suggests that entry-level buyers face increasing competition. The market’s strength is driven by relative affordability and migration inflows rather than local industrial expansion, creating a dynamic where asset values are decoupling from local wage stagnation.
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| Metric | Cook County | Georgia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $157,500 | $197,932 | $227,706 |
| Median Gross Rent | $956 | $965 | $968 |
| Owner Occupancy Rate | 66.0% | 70.6% | 73.3% |
| Price/Rent Ratio | 13.7 | 16.6 | 18.7 |
Market Analysis
The median home value in Cook County is 20.4% below the Georgia state average and 30.8% below the U.S. national average. The median rent of $956/month is 0.9% below the state average.
With a price-to-rent ratio of 13.7, buying a home in Cook County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Cook County has an owner-occupancy rate of 66.0%, 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 |
|---|---|---|---|
| Shannon County | Missouri | $157,500 | $574 |
| Montgomery County | New York | $157,500 | $940 |
| Pike County | Alabama | $157,600 | $856 |
| Pulaski County | Georgia | $157,600 | $883 |
| Coffey County | Kansas | $157,400 | $836 |
Other Counties in Georgia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Pulaski County | $157,600 | $883 | 70.8% |
| Decatur County | $158,800 | $838 | 62.1% |
| Candler County | $159,200 | $715 | 62.0% |
| Laurens County | $154,500 | $863 | 64.3% |
| Marion County | $154,100 | $710 | 78.9% |
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).