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Augusta real estate market overview
- Average Monthly Rent: $1,071
- Home Price/Value Percentage Change: 19%
- Median Home Value: $200,000
- Best Time To Sell a Home: September
- Affordability Index: 171
- Days To Sell a House: 39
- Job Market: Fair
- Public School Ranking: 32
Location and weather
Augusta is nestled in the eastern part of Georgia, along the banks of the Savannah River. It is the county seat of Richmond County, and the third largest city in the state in terms of size. Augusta's central location is a two-and-a-half-hour drive to either the beach or the mountains, and is around 150 miles from Atlanta. Otherwise known as the Garden City of the South, Augusta boasts a high tech job market, southern hospitality, an urban landscape and an affordable cost of living.
The weather here consists of pleasant summers, mild winters, and light rain, making it a prime year-round destination for residents and tourists.
Population, job market and cost of living
Augusta has a population of 200,477, with a growth rate of 0.43% annually.
The job market has increased by 3.5% over the last year. In ten years, job growth is predicted to be 38.5%. Augusta has been named one of the Top Ten Supersites in the South by Southern Business & Development Magazine, as well as one of the "Top ten places in the south with plenty of talented labor". Biotechnology, medicine, military and agriculture industries are the largest contributors to this city's economy. The Medical College of Georgia also employs more than 25,000 people, which has continued to bring a positive impact to the economy here.
Cost of living in Augusta is lower than the national average, making it an affordable place to live.
Augusta real estate market details
- Summerville
- West Augusta
- National Hills
- Lake Aumond
- Montclair
- Sand Hills
The average monthly rent in Augusta is $1,071 for an average apartment size of 922 sq. feet.
There has been a 19% increase in Augusta's median home value over the last year. As of 2022, the median home value is $200,000.
On average, homes in Augusta sell after 39 days on the market.
The best time to sell a home for the highest value and quickest sale is in September.
The affordability index in Augusta is 171. This number indicates high affordability in this city.
The top ranked public schools are Walker Traditional Elementary School, Davidson Magnet School, Johnson Magnet, Lake Forest Hills Elementary School, and Warren Road Elementary School. This information derives from general educator statistics, school attendance, and the US Department of Education.