Valdosta, GA
Lowndes County ยท Pop. 56,457
Ranked #63 of 243 cities
52Moderate
Median Home Price
๐$180K
3.5% YoY
Median Rent
๐$1,000
3.0% YoY
Median Income
๐ฐ$35K
Rent Burden
๐34.5%
% of income to rent
Income to Buy
๐ฆ$52K
annual income needed
Income to Rent
๐$40K
annual income needed
Price-to-Income
โ๏ธ5.1x
Homeownership
๐ก38.0%
Rent vs. Buy
Buy
$958/mo
Est. mortgage (7%, 20% down)
Need $52K/yr income
Rent
$1,000/mo
Median rent
Need $40K/yr income
How Valdosta Compares
| Metric | Valdosta | Georgia | National |
|---|---|---|---|
| Home Price | $180K | $323K | $410K |
| Rent | $1,000 | $1,400 | $1,500 |
| Income | $35K | $75K | $75K |
| Rent Burden | 34.5% | 32.5% | 30.0% |
Key Takeaways
- โข Home prices in Valdosta are 56% lower than the national average.
- โข Rent is 33% lower than the national average.
- โข You need an income of $52K to comfortably buy a home here.
- โข The homeownership rate is 38.0%, compared to 65.0% nationally.