Mediterranean Style Homes for Sale in Georgia | ZeroDown (2024)

FAQs

Where is the cheapest place to buy a house in Georgia? ›

The most affordable town on our list, Americus offers an estimated mortgage payment under $800 according to our methodology. That's much less than you'll pay for rent in most of the state.

The months from March to June are the best time to buy a house in Georgia. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

$331,159. The average Georgia home value is $331,159, up 4.7% over the past year and goes to pending in around 20 days.

Georgia's state government actively supports affordable housing initiatives. Tax breaks and incentives for first-time homebuyers, coupled with favorable mortgage programs, make the dream of homeownership more achievable. These government-backed measures significantly contribute to the affordability index.

Athens. Athens is one of the best places to live in Georgia, with a year-over-year median home price decline of 7.4% in December 2023. The healthcare cost is 9.9% lower than the national average. Athens offers affordable housing and vibrant entertainment.

According to the list, Brunswick, located north of the Georgia-Florida border, is among the most affordable beach towns to live in the country. With a population around 14,600, the median home price is $235,000 and median monthly rent is $1,189.

FHA and VA loans: Most Georgia lenders will require a credit score of at least 580. However, for these two types of loans, to get the best rate and qualify for flexible underwriting a 620 is ideal. USDA, Jumbo, and Conventional loans: This category commands the highest credit score requirement at 640.

Smart Assets has ranked every county in Georgia. The best bang for your property tax buck in Georgia is Wilkes County. In metro Atlanta, the best ranking is Gwinnett, 81st in the state.

Will home prices drop in 2024 in Georgia? ›

Georgia Housing Market Predictions:

In certain predictions for 2024, a consistent but slower growth in home prices is expected as the market stabilizes. The inventory levels may remain tight, ensuring that demand continues to outstrip supply, particularly in popular areas.

The scarcity of homes in GA makes it a seller's market. Homes listed on MLS sell faster and for 17.5% more than off-MLS homes.

Thriving cities and charming towns, beautiful countryside connecting mountain vistas with white-sand beaches, plus a temperate climate offering all four seasons make Georgia one of the very best places to live in the South.

Home prices are reasonable. According to our estimates, it will cost just $366 more per month to own than rent.

While there are plenty of more affordable places to live around the state, if you're looking for something a bit more extravagant, it will come with a heftier price tag. According to a list compiled by Family Handyman, the most expensive neighborhood in all of Georgia is Atlanta and the 30327 zip code.

What is the housing market like right now? In April 2024, home prices in Georgia were up 4.5% compared to last year, selling for a median price. On average, the number of homes sold was up 6.5% year over year and there were 11,661 homes sold in April this year, up 10,947 homes sold in April last year.

If you're considering an enjoyable place to retire, Statesboro could be an option. GoBankingRates.com compiled a list of the best places to retire in every state and it ranked Statesboro as the best city in Georgia to live on a fixed income.