Ellenwood, GA 30294 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ellenwood, GA—30294

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$278,000

6.1% YoY Growth

Household Income

$76,700

17.2% YoY Growth

Days on Market

23.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$2,000

1.5% YoY Growth

1-Bed Rent

$638

43.4% YoY Growth

2-Bed Rent

$1,600

33.8% YoY Growth

3-Bed Rent

$1,790

0.6% YoY Growth

Home Price Trends — Ellenwood, GA

As of Dec '25, the median home price in Ellenwood, GA is $278,000, with a year-over-year change of -6.1%. This indicates that home prices in Ellenwood, GA are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$278,000	-6.1%
Single Family	$278,000	-6.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

8.8%

2 Bedrooms

22.0%

3 Bedrooms

47.1%

4 Bedrooms

20.3%

5+ Bedrooms

1.8%

Property Listings — Ellenwood, GA

As of Dec '25, Realtor.com reports that the median days on market for a home in Ellenwood, GA is 67. This is a increase of 8.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$279,000	-5.0%
Listing Count	176	9.0%
Listings as % of Homes	0.8%	9.0%
Days on Market	80	23.0%

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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%

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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%

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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%

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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

Ellenwood, GA—30294

Key Metrics at a Glance

Home Price Trends — Ellenwood, GA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ellenwood, GA

% of Rental Stock

Property Listings — Ellenwood, GA

Demographics — Ellenwood, GA

Race and Ethnicity

Mortgage and Risk — Ellenwood, GA

Mortgages

Rentals and Section 8 — Ellenwood, GA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ellenwood, GA

Home Price to Income Ratio

Ellenwood, GA — ZIP Code Boundary Map

Nearby ZIP Codes

Rex, GA

Decatur, GA

Conley, GA

Morrow, GA

Stockbridge, GA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.9
Median Home Price	$278,000
Median Household Income	$76,700

Ellenwood, GA—30294

Key Metrics at a Glance

Home Price Trends — Ellenwood, GA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ellenwood, GA

% of Rental Stock

Property Listings — Ellenwood, GA

Demographics — Ellenwood, GA

Race and Ethnicity

Mortgage and Risk — Ellenwood, GA

Mortgages

Rentals and Section 8 — Ellenwood, GA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ellenwood, GA

Home Price to Income Ratio

Ellenwood, GA — ZIP Code Boundary Map

Nearby ZIP Codes

Rex, GA

Decatur, GA

Conley, GA

Morrow, GA

Stockbridge, GA

Frequently Asked Questions

What is the average home price in Ellenwood, GA 30294?

How have home prices in Ellenwood, GA 30294 changed over the past year?

What is the home price projection for Ellenwood, GA 30294?

What are the demographics of Ellenwood, GA 30294?

How long does it take homes to sell in Ellenwood, GA 30294?

What is the average rent price in Ellenwood, GA 30294?