Augusta, GA
At a Glance
Top 5 reasons to invest in Augusta, GA
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About
Augusta’s real estate market experienced an upward trend in rent and home prices in 2024. It is the second-largest city in Georgia, with an increasing population and a job market that’s remained stable over the years, providing investors with a sense of security.
Augusta has a population of 612,898, a difference of 0.86% from last year. The median rent is $1,400, and rent growth has been 3.4% over the last year. The city also has landlord-friendly laws, including a simple eviction process and tax-friendly policies for property owners, which increase the appeal of the local real estate market.
Housing costs in Augusta are well below the national average of $412,000, with a median house price of $62,941. Home prices appreciated 3.4% since last year. Augusta’s rent-to-price ratio of 0.6% is a decent benchmark for today's economy. This, alongside its lower cost of living than that of Georgia or the federal average, makes it an affordable purchase for investors.
Private sector employment in Augusta includes retail trade, manufacturing, education, health services, and hospitality. The unemployment rate is 3.7%, and the median household income is $62,941. Government jobs cover 20% of total employment at both the state and federal levels, and some of Augusta’s largest employers include:
- The U.S. Army Cyber Center of Excellence & Fort Gordon
- Augusta University
- NSA Augusta
- Augusta University hospitals
- The Richmond County School System
Augusta also provides a safe environment for its residents. The city's crime rate is lower than the national average, at only 2.4 violent crimes per 1,000 people committed, compared to the national average of 3.5 per 1,000 people. This is an important distinction for investors who want to ensure the validity of their investments.
The public school district in Augusta has recently been reaccredited to Cognia. This means the school system meets performance standards focused on equitable learning environments, resource allocation, and leadership. Their most recent score in 2024 exceeded the national average by 64 points.
Augusta has a robust transit system that includes buses, shuttles, and trolleys, providing residents with multiple commuter options. The city also has a paratransit service for people with disabilities and a curb-to-curb service for qualified individuals, making it diverse and welcoming.
Augusta is the heart of a metropolitan area covering six counties. It’s most well-known for the Augusta National Golf Club, which hosts the Masters Tournament annually, and its incredible golf community with nine-plus golf courses. There are also plenty of other recreational activities, including the Augusta Riverwalk, nature parks, concerts at the James Brown Arena, and history tours at President Woodrow Wilson’s childhood home, which attract tourists.
Overall, the Augusta real estate market provides an exciting opportunity for investors, with a continually increasing population and increasing rent and home prices. The lower cost of living and safe environment, along with its growing infrastructure, make Augusta a popular destination for households of all sizes, giving investors a large pool of renters to consider.
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