Cornelia, GA—30531
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cornelia, GA
As of Oct '25, the median home price in Cornelia, GA is $298,000, with a year-over-year change of 2.4%. This indicates that home prices in Cornelia, GA are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 2.4% |
| Single Family | $298,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $204,000 | 0.5% |
3 Bed | $296,000 | 2.4% |
4 Bed | $365,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cornelia, GA
As of July '25, Rentcast reports the average rent in Cornelia, GA is $1,680, with a year-over-year rent change of 15.1%. Per bedroom, the median rent as of July '25 in Cornelia, GA is 1-bedrooms: $1,040, 2-bedrooms: $1,420, 3-bedrooms: $1,770, 4-bedrooms: $2,100. The most common rental property sizes in Cornelia, GA are 2-bedroom and 3-bedroom, accounting for 48.9% and 37.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,080 | $1,040 |
| 2 Bed Rent | $1,420 | $1,420 |
| 3 Bed Rent | $1,750 | $1,770 |
| 4 Bed Rent | $2,080 | $2,100 |
% of Rental Stock
Property Listings — Cornelia, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cornelia, GA is 42. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $368,000 | -2.0% |
Listing Count | 64 | 24.0% |
| Listings as % of Homes | 1.1% | 24.0% |
Days on Market | 42 | -10.0% |
Demographics — Cornelia, GA
As of the latest ACS Survey released in 2023, Cornelia, GA has a population of 11,000, which has increased by 2.1% over the past 5 years. Cornelia, GA is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,000 | 2.1% |
% Under 18 | 22.0% | -22.8% |
% Seniors | 24.4% | 71.8% |
% WFH | 4.3% | 290.9% |
% w/ College Degree | 28.4% | 79.7% |
As of the latest ACS Survey released in 2023, Cornelia, GA is a predominantly white area, with 65.8% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Cornelia, GA is hispanic, making up 24.2% of the population. Foreign-born residents account for 11.2% of the population in Cornelia, GA, and this percentage has decreased by 32.5% 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 | 65.8% | 0.6% |
% Black | 3.3% | 13.8% |
% Hispanic | 24.2% | -8.7% |
% Asian | 4.6% | 109.1% |
% Foreign Born | 11.2% | -32.5% |
Mortgage and Risk — Cornelia, GA
According to HUD data as of 2023, there were 148 mortgage originations in Cornelia, GA, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Cornelia, GA. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 148 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Cornelia, GA
As of 2024, the percent of homes in Cornelia, GA under the Section 8 program is 9.4%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Cornelia, GA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 122 |
Total Units Section 8 | 122 |
% Rentals under Section 8 | 9.4% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,080 | $1,120 |
| 2 Bedroom | -$170 | $1,420 | $1,250 |
| 3 Bedroom | -$210 | $1,750 | $1,540 |
| 4 Bedroom | -$340 | $2,080 | $1,740 |
Affordability — Cornelia, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $298,000 |
| Median Household Income | $55,400 |