Athens, GA
Clarke County ยท Pop. 128,597
Ranked #124 of 243 cities
40Moderate
Median Home Price
๐$260K
4.0% YoY
Median Rent
๐$1,200
3.5% YoY
Median Income
๐ฐ$38K
Rent Burden
๐36.5%
% of income to rent
Income to Buy
๐ฆ$75K
annual income needed
Income to Rent
๐$48K
annual income needed
Price-to-Income
โ๏ธ6.8x
Homeownership
๐ก32.0%
Rent vs. Buy
Buy
$1,384/mo
Est. mortgage (7%, 20% down)
Need $75K/yr income
Rent
$1,200/mo
Median rent
Need $48K/yr income
How Athens Compares
| Metric | Athens | Georgia | National |
|---|---|---|---|
| Home Price | $260K | $323K | $410K |
| Rent | $1,200 | $1,400 | $1,500 |
| Income | $38K | $75K | $75K |
| Rent Burden | 36.5% | 32.5% | 30.0% |
Key Takeaways
- โข Home prices in Athens are 37% lower than the national average.
- โข Rent is 20% lower than the national average.
- โข You need an income of $75K to comfortably buy a home here.
- โข The homeownership rate is 32.0%, compared to 65.0% nationally.