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Patterson

Learn about the people, housing, costs and businesses in Patterson, Georgia

Median Home$145,800
Median Rent$843/month
Population782
Leading IndustriesProfessional Services · Education · Healthcare4% professional services
Home Value Growth⬆⬆⬆+32.4% over 2 years
Retirees36% of residentstop 3% nationally
Homeowners80% of occupied units
NotableTransit88/100 · excellent transit access
NotableAffordable Market$146k median home · lower cost than 76% of the country
Patterson
GA

Frequently Asked Questions

What are today's mortgage rates in Patterson?

As of today, the 30-year fixed mortgage rate for Patterson is approximately 6.854% (6.889% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Patterson?

The median home value in Patterson is $146k. The median monthly rent is $843. Annual property taxes average $998. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Patterson?

Home values in Patterson have increased 32.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Patterson?

Based on a typical all-in ownership cost of $720/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Patterson is $52k/year.

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What industries drive the economy in Patterson?

The largest employment sectors in Patterson are public administration (21%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.