Ellenwood, GA—30294
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ellenwood, GA
As of Oct '25, the median home price in Ellenwood, GA is $278,000, with a year-over-year change of -6.2%. This indicates that home prices in Ellenwood, GA are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $278,000 | -6.2% |
| Single Family | $279,000 | -6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | -6.5% |
3 Bed | $237,000 | -7.8% |
4 Bed | $303,000 | -5.3% |
| 5 Bed | $384,000 | -3.3% |
% of Housing Stock
Rental Trends — Ellenwood, GA
As of July '25, Rentcast reports the average rent in Ellenwood, GA is $2,000, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in Ellenwood, GA is 1-bedrooms: $747, 2-bedrooms: $1,980, 3-bedrooms: $1,800, 4-bedrooms: $2,340. The most common rental property sizes in Ellenwood, GA are 3-bedroom and 2-bedroom, accounting for 47.1% and 22.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $638 | $747 |
| 2 Bed Rent | $1,600 | $1,980 |
| 3 Bed Rent | $1,790 | $1,800 |
| 4 Bed Rent | $2,300 | $2,340 |
% of Rental Stock
Property Listings — Ellenwood, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ellenwood, GA is 67. This is a increase of 4.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $289,000 | -6.0% |
Listing Count | 203 | 13.0% |
| Listings as % of Homes | 0.8% | 13.0% |
Days on Market | 67 | 4.0% |
Demographics — Ellenwood, GA
As of the latest ACS Survey released in 2023, Ellenwood, GA has a population of 43,100, which has increased by 3.1% over the past 5 years. Ellenwood, GA is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 26.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,100 | 3.1% |
% Under 18 | 25.8% | 11.2% |
% Seniors | 13.4% | 36.7% |
% WFH | 12.5% | 78.6% |
% w/ College Degree | 26.8% | -3.2% |
As of the latest ACS Survey released in 2023, Ellenwood, GA is a predominantly black area, with 84.5% of the population identifying as black. The black population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Ellenwood, GA is hispanic, making up 7.1% of the population. Foreign-born residents account for 6.6% of the population in Ellenwood, GA, and this percentage has decreased by 15.4% 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 | 5.6% | -12.5% |
% Black | 84.5% | -2.1% |
% Hispanic | 7.1% | 73.2% |
% Asian | 1.4% | -41.7% |
% Foreign Born | 6.6% | -15.4% |
Mortgage and Risk — Ellenwood, GA
According to HUD data as of 2023, there were 159 mortgage originations in Ellenwood, GA, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Ellenwood, GA. Investor activity is low, as 3.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 159 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Ellenwood, GA
As of 2024, the percent of homes in Ellenwood, GA under the Section 8 program is 6.2%. 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 Ellenwood, GA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 296 |
Total Units Section 8 | 223 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,082 | $638 | $1,720 |
| 2 Bedroom | $300 | $1,600 | $1,900 |
| 3 Bedroom | $500 | $1,790 | $2,290 |
| 4 Bedroom | $450 | $2,300 | $2,750 |
Affordability — Ellenwood, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $278,000 |
| Median Household Income | $76,700 |