Augusta has a rich history. It is located on the Savannah River and spans more than 300 miles. This city sits in Richmond County, Georgia, and is the second-largest city in Georgia after Atlanta.
The population of Augusta has grown over the past decade and now stands at just over 200,000. The city is diverse, and more than half of its population is Black or African-American.
Augusta is well-known for the Masters Tournament, which draws about 40,000 visitors to the city. Augusta has great golf courses, as well as many other attractions. It is also home to pre-Civil War historic features, many types of restaurants, and the Augusta Riverwalk and Augusta Canal. Its rural charm and rich history make it a comfortable and easy place to live.
Basic Economic and Real Estate Facts About Augusta
Augusta’s population is a good cross-section of middle-class America. The median household income is $42,592, which is lower than the state average of $58,700 and about $20,000 less than the U.S. median household income.
Georgia is one of the fastest-growing states in the U.S. because it is affordable, has a good climate, and offers lots of options for places to live and work.
Many jobs exist in Augusta and the city is home to a wide range of industries, from manufacturing to healthcare to government. It also has great schools, a technical college, and a university. That all contributes to a great quality of life.
Fort Gordon, U.S. Army Military Base, is located in Augusta. A Cyber Center of Excellence, it draws about 80,000 enlisted and civilian residents to the area.
Where Are the Real Estate Opportunities in Augusta?
Although home prices in Augusta have climbed about 6.8% year-over-year, the median sale price is still only about $160K. More buyers are in the market than homes available, making it a true sellers' market.
The most popular neighborhoods within Augusta are Belair, Summerville, and Lake Aumond. Forest Hills is the most expensive neighborhood in Augusta, with a median selling price of $415,000. The most affordable area is Harrisburg, where the median price is $99,000.
Augusta has more than single-family homes. It also has options like townhomes, multi-family properties for investors, and condos.
The real estate market is expected to remain strong and steady, and Forbes called Augusta “The South’s Best-Kept Secret.”
Real estate agents looking to take advantage of the rapid growth in Georgia may be smart to focus on Augusta. Experienced real estate agents in Augusta earn six-figure incomes and even new agents do well, with a median income of about $87,000.
How to Prosper in the Augusta Real Estate Market
First, if you are not currently licensed as an agent, invest in this important career step. Choose a program that has expertise about Georgia real estate trends and has a proven track record
Learn from other agents who have been successful in Georgia and specifically in Augusta. Join local associations and become a part of the community. Establish a niche for your real estate business and prepare to meet the needs of its diverse and growing population, which includes many military families. Read local and national real estate and business media to stay one step ahead of the trends.
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