A recent study by Bankrate reveals that the income needed to afford a median-priced home in Georgia has risen to $101,000 as of January 2025, up from just over $60,000 in January 2020. This increase is attributed to rising home prices, higher mortgage rates, and limited inventory, making homeownership more challenging, especially for first-time buyers. Financial experts suggest improving credit scores, saving for larger down payments, and exploring alternative housing markets to enhance affordability.
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