Macon, GA
Bibb County ยท Pop. 157,346
Ranked #16 of 243 cities
58Moderate
Median Home Price
๐$140K
3.0% YoY
Median Rent
๐$900
2.5% YoY
Median Income
๐ฐ$35K
Rent Burden
๐32.5%
% of income to rent
Income to Buy
๐ฆ$40K
annual income needed
Income to Rent
๐$36K
annual income needed
Price-to-Income
โ๏ธ4.0x
Homeownership
๐ก48.0%
Rent vs. Buy
Buy
$745/mo
Est. mortgage (7%, 20% down)
Need $40K/yr income
Rent
$900/mo
Median rent
Need $36K/yr income
How Macon Compares
| Metric | Macon | Georgia | National |
|---|---|---|---|
| Home Price | $140K | $323K | $410K |
| Rent | $900 | $1,400 | $1,500 |
| Income | $35K | $75K | $75K |
| Rent Burden | 32.5% | 32.5% | 30.0% |
Key Takeaways
- โข Home prices in Macon are 66% lower than the national average.
- โข Rent is 40% lower than the national average.
- โข You need an income of $40K to comfortably buy a home here.
- โข The homeownership rate is 48.0%, compared to 65.0% nationally.