Fayette County’s 2022 Property Value Assessment

Fayette County is currently a seller's market, with the median sold price of homes being $430,069, which is approximately $176 per square foot. This is a staggering $49,364, or a 13% increase since December 2021. The average home in the state of Georgia was valued at $319,431 as of July 2022. This is 25.6% higher than the year before. In Fayette County, home prices were also growing, with the median value coming in at approximately $293,000.

Trusted Property Management Services in Fayette County, GA

My Rent Source is your one-stop shop for property management services. Our team of experienced professionals is skilled in all aspects of property management, including marketing and leasing, tenant screening and selection, maintenance solutions, rent collection, and beyond. In addition, we also offer home inspection services to ensure your property remains safe and well-maintained.

Connect With Our Property Management Experts Today

If you are in need of professional property management or rental services that come equipped with experienced professionals who apply a comprehensive approach to property optimization, look no further than My Rent Source. Get in touch with our team today!

FAYETTE COUNTY

My Rent Source in Fayette County, GA

My Rent Source offers comprehensive property management services designed to help property owners maximize their rental income and minimize the stress and hassle of managing a rental property. Our full-service dynamic extends to marketing and advertising, leasing and tenant placement, maintenance, and repair, rent collection, financial management, and beyond, guiding property owners to become successful in their rental property endeavors.

Fayette, County, GA

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Fayette County, GA’s Rental Market

Fayette County, Georgia, has seen a 6% increase in the average rent price for a 1-bedroom apartment compared to 2021. This high-demand neighborhood houses 1-bedroom rental properties that rent for an average of $1,388, studios for an average of $1,180, and two-bedroom apartments for $1,550 as of December 2022.

With over 100 listings available in Fayette County, ranging from studios to three-bedroom apartments, the rental market is versatile. However, 80% of the listings available rest at $1,500 or higher.

Fayette County’s 2022 Population and Income

The population estimate for mid-2022 in Fayette County rests at approximately 120,574 people. The median household income for Fayette County is $96,084. In Fayette County, 32% of the households are renter-occupied, while the remaining 68% own their homes.

Understanding Median Contract Rent in Georgia

Median contract rent is often used as a benchmark to measure the cost of renting in a particular area. It can be influenced by a number of factors, including the availability of rental units, the demand for rentals, and the overall cost of living in the area. Understanding the median contract rent in Fayette County and the state of Georgia can help you gauge the relative cost of renting. Median contract rent for a one-bedroom apartment in Fayette County, Georgia, as of December 2022, was $1,388.

More about Fayette County

Fayette County’s 2022 Property Value Assessment
Fayette County is currently a seller's market, with the median sold price of homes being $430,069, which is approximately $176 per square foot. This is a staggering $49,364, or a 13% increase since December 2021.

The average home in the state of Georgia was valued at $319,431 as of July 2022. This is 25.6% higher than the year before. In Fayette County, home prices were also growing, with the median value coming in at approximately $293,000.
Trusted Property Management Services in Fayette County, GA
My Rent Source is your one-stop shop for property management services. Our team of experienced professionals is skilled in all aspects of property management, including marketing and leasing, tenant screening and selection, maintenance solutions, rent collection, and beyond. In addition, we also offer home inspection services to ensure your property remains safe and well-maintained.
Connect With Our Property Management Experts Today
If you are in need of professional property management or rental services that come equipped with experienced professionals who apply a comprehensive approach to property optimization, look no further than My Rent Source. Get in touch with our team today!

Contact Us for Property Management Services

We help property owners in Georgia turn their investment properties into successful rental businesses. Please contact us today for more information or to discuss your management needs.