For homes in Augusta, Georgia presently listed, the median cost is $189,000. The median sale price for homes in Augusta is $108,200.
The median per square foot list price is $77 in Augusta. The Metro area has a greater median list cost per square foot of $98.
The median rent is $938 versus $1,150 in the metro area.
The foreclosure rate is an important factor influencing the real estate economic climate. The trend is that the higher the foreclosure rate, the lower the value of houses in a particular area. Short sales have a similar effect.
The first step in the foreclosure process is called mortgage delinquency. A mortgage delinquency is defined as the condition of a homeowner having missed making a house payment.
Augusta has 2.4 percent of its house mortgages in the state of mortgage delinquency. The United States has a lower mortgage delinquency rate which is 1.6.
During the housing bubble recession of 2008, the value of houses fell over 20 percent in the United States. This was a major impetus for many houses currently being underwater.
When a house is underwater it means that the owner of the home has a mortgage debt which is more than the value of the home.
20.9 percent of Augusta’s homeowners are underwater on their mortgages. The metro area of Augusta has a lower underwater rate of 14.2 percent.
The median household income in Augusta, Georgia is $37,593.