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.
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