Palmetto, GA—30268
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palmetto, GA
As of Oct '25, the median home price in Palmetto, GA is $318,000, with a year-over-year change of -3.7%. This indicates that home prices in Palmetto, GA are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $318,000 | -3.7% |
| Single Family | $323,000 | -3.0% |
| Condos | $201,000 | -6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $276,000 | -4.5% |
3 Bed | $268,000 | -3.9% |
4 Bed | $405,000 | -1.5% |
| 5 Bed | $567,000 | 1.1% |
% of Housing Stock
Rental Trends — Palmetto, GA
As of July '25, Rentcast reports the average rent in Palmetto, GA is $3,050, with a year-over-year rent change of 13.8%. Per bedroom, the median rent as of July '25 in Palmetto, GA is 1-bedrooms: $1,700, 2-bedrooms: $3,050, 3-bedrooms: $2,960, 4-bedrooms: $3,120. The most common rental property sizes in Palmetto, GA are 3-bedroom and 4-bedroom, accounting for 53.2% and 19.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,220 | $3,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,950 | $1,700 |
| 2 Bed Rent | $3,400 | $3,050 |
| 3 Bed Rent | $2,220 | $2,960 |
| 4 Bed Rent | $2,200 | $3,120 |
% of Rental Stock
Property Listings — Palmetto, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Palmetto, GA is 90. This is a increase of 45.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $675,000 | -11.0% |
Listing Count | 134 | 28.0% |
| Listings as % of Homes | 1.3% | 28.0% |
Days on Market | 90 | 45.0% |
Demographics — Palmetto, GA
As of the latest ACS Survey released in 2023, Palmetto, GA has a population of 10,700, which has increased by 2.7% over the past 5 years. Palmetto, GA is a popular place for families, as children make up 26.9% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,700 | 2.7% |
% Under 18 | 26.9% | -4.9% |
% Seniors | 14.1% | -9.6% |
% WFH | 16.1% | 198.1% |
% w/ College Degree | 28.9% | 29.6% |
As of the latest ACS Survey released in 2023, Palmetto, GA is a predominantly black area, with 42.8% of the population identifying as black. The black population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Palmetto, GA is white, making up 35.7% of the population. Foreign-born residents account for 7.7% of the population in Palmetto, GA, and this percentage has decreased by 2.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 35.7% | -24.7% |
% Black | 42.8% | 3.4% |
% Hispanic | 17.9% | 68.9% |
% Asian | 0.6% | -53.8% |
% Foreign Born | 7.7% | -2.5% |
Mortgage and Risk — Palmetto, GA
According to HUD data as of 2023, there were 243 mortgage originations in Palmetto, GA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Palmetto, GA. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 243 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Palmetto, GA
As of 2024, the percent of homes in Palmetto, GA under the Section 8 program is 3.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Palmetto, GA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 61 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$670 | $1,950 | $1,280 |
| 2 Bedroom | -$1,980 | $3,400 | $1,420 |
| 3 Bedroom | -$510 | $2,220 | $1,710 |
| 4 Bedroom | -$140 | $2,200 | $2,060 |
Affordability — Palmetto, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $318,000 |
| Median Household Income | $71,800 |