Augusta, GA—30904
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Augusta, GA
As of Oct '25, the median home price in Augusta, GA is $157,000, with a year-over-year change of -4.6%. This indicates that home prices in Augusta, GA are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $157,000 | -4.6% |
| Single Family | $157,000 | -4.3% |
| Condos | $182,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $72,000 | -10.0% |
2 Bed | $118,000 | -7.1% |
3 Bed | $175,000 | -3.3% |
4 Bed | $282,000 | -1.4% |
| 5 Bed | $600,000 | 1.9% |
% of Housing Stock
Rental Trends — Augusta, GA
As of July '25, Rentcast reports the average rent in Augusta, GA is $1,400, with a year-over-year rent change of 12.9%. Per bedroom, the median rent as of July '25 in Augusta, GA is studios: $1,600, 1-bedrooms: $1,250, 2-bedrooms: $1,340, 3-bedrooms: $1,600, 4-bedrooms: $1,990. The most common rental property sizes in Augusta, GA are 2-bedroom and 3-bedroom, accounting for 52.3% and 21.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,400 |
| Studio Rent | $1,600 | $1,600 |
| 1 Bed Rent | $1,050 | $1,250 |
| 2 Bed Rent | $1,200 | $1,340 |
| 3 Bed Rent | $1,450 | $1,600 |
| 4 Bed Rent | $1,480 | $1,990 |
% of Rental Stock
Property Listings — Augusta, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Augusta, GA is 68. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $177,000 | -3.0% |
Listing Count | 160 | 37.0% |
| Listings as % of Homes | 0.7% | 37.0% |
Days on Market | 68 | 7.0% |
Demographics — Augusta, GA
As of the latest ACS Survey released in 2023, Augusta, GA has a population of 23,700, which has decreased by -8.1% over the past 5 years. Augusta, GA is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,700 | -8.1% |
% Under 18 | 19.5% | -14.5% |
% Seniors | 16.4% | 12.3% |
% WFH | 7.3% | 192.0% |
% w/ College Degree | 30.6% | 9.7% |
As of the latest ACS Survey released in 2023, Augusta, GA is a predominantly black area, with 47.9% of the population identifying as black. The black population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Augusta, GA is white, making up 40.8% of the population. Foreign-born residents account for 3.1% of the population in Augusta, GA, and this percentage has decreased by 20.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.8% | -9.1% |
% Black | 47.9% | -0.4% |
% Hispanic | 6.0% | 50.0% |
% Asian | 1.9% | 5.6% |
% Foreign Born | 3.1% | -20.5% |
Mortgage and Risk — Augusta, GA
According to HUD data as of 2023, there were 316 mortgage originations in Augusta, GA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Augusta, GA. Investor activity is low, as 10.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 316 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 10.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Augusta, GA
As of 2024, the percent of homes in Augusta, GA under the Section 8 program is 19.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Augusta, GA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,466 |
Total Units Section 8 | 945 |
% Rentals under Section 8 | 19.3% |
% Occupied Section 8 | 80.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,050 | $990 |
| 2 Bedroom | -$80 | $1,200 | $1,120 |
| 3 Bedroom | $20 | $1,450 | $1,470 |
| 4 Bedroom | $320 | $1,480 | $1,800 |
Affordability — Augusta, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $157,000 |
| Median Household Income | $45,600 |