Rent vs Buy in Georgia

Compare 6 cities across Georgia. Find out whether renting or buying makes more financial sense in your area.

6cities analyzed
Avg Home:$309,453
Avg Rent:$1,662/mo
Avg Price/Rent:15.1

Georgia Housing Market Summary

6

Cities Analyzed

0

Favor Buying

4

Favor Renting

2

Toss-Up

Across Georgia's 6 analyzed cities, the majority (4 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Georgia.

The average home price in Georgia is $309,453, with average rents at $1,662/month. This gives an average price-to-rent ratio of 15.1.

$Most Affordable Cities

1

Columbus

$180,608.06

Toss-up
2

Augusta

$181,691.87

Toss-up
3

Athens

$324,596.64

Rent

$$Most Expensive Cities

1

Sandy Springs

$415,043.34

Rent
2

Atlanta

$415,043.34

Rent
3

Savannah

$339,736.17

Rent

All Georgia Cities

Sorted by population. Click any city for detailed analysis.

CityMedian PriceMedian RentPrice/RentBreak-evenVerdict
Atlanta$415,043.34$1,887.7118.3N/ARent
Columbus$180,608.06$1,29211.6N/AToss-up
Augusta$181,691.87$1,359.5711.1N/AToss-up
Savannah$339,736.17$1,764.9516.0N/ARent
Sandy Springs$415,043.34$1,887.7118.3N/ARent
Athens$324,596.64$1,780.0515.2N/ARent

Compare Other States

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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.

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