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Richmond County, GA

RANK #894 / 996  ·  POP 206,153  ·  GA

PROJECTED GROWTH: -1.6%

Richmond County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Richmond County?

Richmond County, Georgia, is perhaps best known as the home of Augusta, a city rich in history and natural beauty, situated along the Savannah River bordering South Carolina. The county offers a blend of urban amenities and outdoor recreation, with the Augusta Canal providing opportunities for historic boat tours, biking, and walking along its trails. The community provides access to various parks and green spaces, including the Phinizy Swamp Nature Preserve, which features miles of trails through wetlands. Life in Richmond County offers a balance of affordability and a relaxed pace. The local economy is stable, driven significantly by the healthcare sector, anchored by Augusta University, and the growing cybersecurity and defense industries, supported by institutions like Fort Eisenhower (formerly Fort Gordon). These sectors attract professionals and contribute to job creation. The county also sees ongoing private investment in housing and downtown revitalization, reflecting a focus on community development and providing diverse living options for its residents.

[02] Market Snapshot

Housing Ratio
2.2x

Undervalued relative to economy

GDP Growth
+1.6%

Below national median

Home Prices
-0.3%

Prices declining

Climate & Terrain
0.0

Moderate climate & terrain

Price/Rent
9x

Strong rental yield

Housing looks undervalued at 2.2x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Richmond County U.S. National

The Numbers

DEMOGRAPHICS
Population
206,153
+0.19% YoY
Median Household Income
$50,605
Median Home Value
$142,100
-0.32% 12mo
Median Rent
$1,024
Average Annual Pay
$58,481
+3.5% YoY
Employment
104,210
+0.3% YoY
Income-to-Home-Value
0.3561
More affordable than average
Migration Inflow
3.2%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$249,450
Days on Market
67
Slower market
Months of Supply
4.8
Balanced market
Sale-to-List Ratio
97.8%
Negotiation room for buyers
Sold Above List
16.9%
Building Permits (2024)
558
Single-Family Permits
558

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$12,030M
TOTAL
PROJECT AMOUNT STATUS
Amazon Web Services (AWS) Data Center Campus
Amazon
$10,000M Under Construction
QTS Augusta Campus Data Center (Project Eisenhower)
QTS Data Centers (Blackstone)
$2,000M Under Construction
Fort Gordon Solar Facility
Georgia Power Co.
$30M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.6% 26 percentile
Population Growth +0.2% 38 percentile
Income Growth +9.4% 71 percentile
Vacancy Rate 3.0% 1 percentile
Home Price Change -0.3% 28 percentile
Rent Growth -0.6% 7 percentile
Price/Rent 9x 96 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Richmond County, GA a good place to move to?

Richmond County has a Boom Town Index score of 10/100, ranking #894 among 996 U.S. counties. With job growth at +0.3% and a median household income of $50,605, it faces some economic headwinds compared to faster-growing counties.

Is Richmond County affordable?

The median home value in Richmond County is $142,100 with median rent at $1,024/month. The income-to-home-value ratio is 0.3561, which is more affordable than the national average.

Is Richmond County growing or shrinking?

Population growth: +0.2% year-over-year. Job growth: +0.3%. Home values changed -0.3% in the past 12 months.

Are people moving to Richmond County?

Yes — 3.2% of Richmond County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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