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Augusta real estate market overview
- Average Monthly Rent: $1,152
- Home Price/Value Percentage Change: 9.90%
- Median Home Value: $172,730
- Best Time To Sell a Home: December
- Affordability Index: High
- Days To Sell a House: 50
- Job Market: Fair
- Public School Ranking: 36
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 203,953, with a growth rate of 0.31% annually.
The job market has decreased by -3.37% over the last year. In ten years, job growth is predicted to be 38.46%. Health care & Social assistance, retail trade, fishing & hunting, forestry and agriculture industries are the largest contributors to this city's economy. Some of the important employers are ViaTrack Systems, Morris Communications, Questo Inc, Richmond County School system and Caresouth Home Health Services LLC.
Cost of living in Augusta is lower than the national average, making it an affordable place to live.
Augusta real estate market details
- Belair
- Jamestown
- Summerville
- Sand Hills
The average monthly rent in Augusta is $1,152 for an average apartment size of 935 sq. feet.
There has been a 9.9% increase in Augusta's median home value over the last year. As of 2023, the median home value is $172,730.
On average, homes in Augusta sell after 50 days on the market.
The best time to sell a home for the highest value is in December and the quickest sale is in September.
The affordability index in Augusta is 79. This number indicates high affordability in this city.
The top ranked public schools are Davidson Magnet School, Steven Creek Elementary School, Walker Traditional Elementary School, Stallings Island Middle School and Westmont Elementary School. This information derives from general educator statistics, school attendance, and the US Department of Education.