Cost of Living in Fannin County, Georgia

$876/mo
Median Monthly Rent
$274,600
Median Home Value

At a Glance

Median Monthly Rent
$876/mo
6% below state average
Median Home Value
$274,600
3% below national
Rent-to-Income Ratio
28.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Fannin County Compares

Median monthly rent comparison

Fannin County$876/mo
Georgia Average$927/mo
National Median$1,163/mo

Detailed Housing Stats

$876/mo
Median Gross Rent
$274,600
Median Home Value
$802/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Fannin County ranks #578 of 3,144 counties for affordability (top 18%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Fannin County, Georgia

Fannin County: modest incomes, steeper rents

Fannin County's rent-to-income ratio of 18.1% slightly exceeds the national average, driven by modest median household income ($58,073) paired with higher rents ($876/month) than many rural peers. Renters here face a tighter squeeze than typical Americans, particularly relative to the county's below-average earnings.

Slightly below Georgia's affordability average

Fannin County's 18.1% rent-to-income ratio sits just below Georgia's 18.6% state average, placing it near the state median for housing affordability. The $876 median rent moderately exceeds Georgia's state average of $927, reflecting a county with balanced but not exceptional rental conditions.

Fannin: mid-range regional position

Fannin County's 18.1% rent-to-income ratio ranks mid-pack among southeastern peers—better than Elbert (20.5%) but worse than Evans (16.0%) and Effingham (15.7%). The $876 rent is higher than nearby rural counties, though the county compensates with moderate homeownership costs ($802/month).

Fannin County housing landscape

Renters pay $876 monthly on median household income of $58,073, dedicating 18.1% to housing. Homeowners spend $802 per month on median-valued properties at $274,600—notably higher than rural peers, reflecting Fannin's mountain location and desirability among lifestyle relocators.

Fannin County for mountain-seeking homeowners

Fannin County appeals to relocators prioritizing scenic mountain living and homeownership over minimal rents; the median home value of $274,600 attracts those willing to invest more for lifestyle. Renters face tighter affordability (18.1% ratio), so Fannin is best suited for owner-occupants or well-heeled remote workers.

Cost of Living Advisory: Fannin County

Affordability Verdict

Fannin County is affordable for renters, with a median gross rent of $876/month representing approximately 18.1% of median household income. The rent burden (GRAPI) stands at 28.0%.

Rent vs. Own

Renters in Fannin County pay $876/month on average, compared to $802/month for homeowners. This market favors buyers by about 8%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $35,040/year. For owner costs at the 28% rule, the required income is roughly $34,371/year. With a median household income of $58,073, most households can comfortably afford rent here. Notably, 28.0% of renter households in Fannin County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Fannin County sits 6% more expensive than Irwin County ($824/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Fannin County

$

Rent Burden

18.1%

of gross income

Max Housing (28% Rule)

$1,355

per month

Owner Cost Burden

16.6%

of gross income

The median home in Fannin County may be a stretch

Median home value is $274,600. Estimated monthly cost: $2,192 vs. your max of $1,355.

Rent Affordability Guide

Your rent-to-income ratio18.1%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $58,073Needed: $35,040
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $58,073Needed: $34,371
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? No
Your income: $58,073Needed: $63,907

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Fannin County, Georgia?
Fannin County, Georgia has a median monthly rent of $876/mo and a median home value of $274,600. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Fannin County?
The median gross rent in Fannin County is $876/mo. This is 6% below state average for Georgia.
Is Fannin County affordable?
Fannin County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Fannin County's rent compare to the state average?
Fannin County's median rent of $876/mo is 6% below state average of $927/mo for Georgia.
What is the median home value in Fannin County?
The median home value in Fannin County, Georgia is $274,600. This is 3% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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