Georgia Election Results: Swing State Where Price per Square Foot Is Up 60% From 2019 Votes Red

Georgia’s election results are in, with the swing state voting for Donald Trump in the 2024 presidential election, according to projections from the Associated Press decision team.

The state’s 16 Electoral College votes will go toward the Republican candidate in a closely contested race where housing policies were among the key issues debated by the campaigns.

In October, Vice President Kamala Harris held a campaign event in Atlanta, where she touted her plan to spur the construction of 3 million starter homes with tax incentives for builders.

“I have a plan to bring down the cost of housing, by building more homes and taking on those corporate landlords who are unfairly buying up properties and increasing rental prices,” she said.

Trump also highlighted inflation and housing costs on the campaign trail in Georgia, touting his record in office the first time he held the White House.

“Just go back and compare your prices with what you’re paying for things today, with what you were paying four or five years ago,” he said at a September rally in Savannah, GA. “You won’t even believe the difference. I want to make sure that everybody can afford groceries, a car, and a home.”

For the latest election results, check the Wall Street Journal’s live election tracker.

Key stats on Georgia’s housing market

The homeownership rate in Georgia is 65% as of last year, lower than the national average of 66%, according to U.S. Census Bureau data.

In the first nine months of 2024, the median listing price for homes in Georgia averaged $393,611—a 41% increase from the same period in 2019, according to Realtor.com® listing data. That compares with a national median listing price of $428,860 for 2024 through September, up 38% from five years ago.

On a square-foot basis, Georgia homes were typically listed for $189 in 2024, up 60% from 2019. Nationally, the median list price per square foot rose 52% in the same period, to $228.

The average Georgia homeowner gained $18,000 in equity in the 12 months through June 2024, less than the national average of $25,000, according to CoreLogic.

Among renters in Georgia, 48% are considered rent-burdened, spending more than 30% of their income on rent. That compares with 50% of renters nationally who are considered rent-burdened.