Georgia Real Estate Market Trends & Analysis

The Georgia real estate market has found itself the primary beneficiary of very encouraging economic trends. In particular, the state’s employment rate recently posted an all-time high. Fewer people are claiming unemployment, which continues to stimulate economic growth.

That, in association with relatively affordable home prices and state-wide wage increase initiatives, has facilitated the perfect real estate environment. In fact, real estate in Georgia is in the midst of a perfect storm which should benefit everyone who actively participates in the market: Buyers, sellers and especially investors.

Georgia Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Attorneys
Conveyance: Warranty Deed

Foreclosure Procedure

Primary Foreclosure Method: Non-Judicial
Process Period: 2 - 3 months
Notice of Sale: Trustee
Redemption Period: None

Taxes

Income Tax: 1.0% - 6.0%
Corporate Tax: 6%
Sales Tax: 4.00%
Estate Tax: 35%
Inheritance Tax: No
Median Property Tax: 0.83%
Property Taxes by County: http://www.tax-rates.org/georgia/property-tax#Counties

Average Transactional Costs

Closing Cost: $2,433
Transfer Fee: 0.10%
Origination Fee: $1,766.00

Overview

  • Median Home Value: $191,800
  • 1-Year Appreciation Rate: +8.1%
  • Median Home Value (1-Year Forecast): +4.1%
  • Median Rent Price: $1,450
  • Price-To-Rent Ratio: 11.02
  • Average Days On Market: 65
  • Percent With Negative Equity: 9.5%
  • Unemployment Rate: 3.6% (latest estimate by the Bureau Of Labor Statistics)
  • Population: 10,519,475 (latest estimate by the U.S. Census Bureau)
  • Median Household Income: $52,977 (latest estimate by the U.S. Census Bureau)
  • Percentage Of Vacant Homes: 13.73%
  • Foreclosure Rate: 1 in every 2,204

Georgia Foreclosure Trends & Statistics

Tax Lien Investing

  • Tax Lien or Deed: Redemption Deed State with Penalty
  • Interest Rate: Penalty of 20% if redeemed after sale
  • Redemption Period: 1 Year after Tax Deed Sale