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Richmond County, GA

Augusta

RANK #726 / 996 NAT  ·  #17 / 41 GA  ·  POP 206,153

1YR FORECAST: +0.3%

5YR OUTLOOK: +18%

#34 Most Undervalued #37 Best Rental Yield
Our model projects Richmond County's housing market at +0.3% over the next year, underperforming most U.S. counties.

[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] Top Employers

  1. 1
    U.S. Army Cyber Center of Excellence & Fort Gordon Military
    25,000+
  2. 2
    Augusta University Education
    5,000+
  3. 3
    NSA Augusta Government
  4. 4
    Augusta University Hospitals Healthcare
  5. 5
    Richmond County School System Education
    2,500+
  6. 6
    University Hospital Healthcare
  7. 7
    Augusta-Richmond County Government
  8. 8
    VA Medical Centers Healthcare
    1,000+
  9. 9
    Doctors Hospital Healthcare
  10. 10
    Automatic Data Processing Other

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
23.6%
of residents (national avg: 33%)

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] Crime & Safety

F
SAFETY
GRADE
Homicide Rate
16.5
per 100K · nat avg 6.3
Firearm Fatalities
23.1
per 100K · nat avg 14.8
Injury Deaths
109.4
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
50.3
Moderate
Good Air Days
49%
539 of 1,094 days
Unhealthy+ Days (3yr)
7
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
51
2022
49
2023
51
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

At 26/100, Richmond County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $50,605 combined with job growth of +0.3% suggests the local economy is struggling to keep pace with national trends.

Is Richmond County affordable?

By national standards, Richmond County is quite affordable. Homes here have a median value of $142,100, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $1,024/month. Residents can generally buy a home without being cost-burdened.

Is Richmond County growing or shrinking?

Population and employment in Richmond County are both close to flat — population +0.2% YoY and jobs +0.3%. Home values shifted -0.3% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Richmond County?

There's a moderate stream of newcomers. About 3.2% of residents moved from another state, which is above average and suggests Richmond County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Walton County, GA 26 Fulton County, GA 24 Clayton County, GA 23 Glynn County, GA 21 Henry County, GA 17 Camden County, GA 16 Johnston County, NC 26 Kent County, DE 26