Gillsville, GA—30543
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gillsville, GA
As of Oct '25, the median home price in Gillsville, GA is $324,000, with a year-over-year change of -0.8%. This indicates that home prices in Gillsville, GA are flat. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | -0.8% |
| Single Family | $324,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | 0.0% |
3 Bed | $318,000 | -0.9% |
4 Bed | $394,000 | 2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gillsville, GA
As of July '25, Rentcast reports the average rent in Gillsville, GA is $1,800, with a year-over-year rent change of 1.7%. Per bedroom, the median rent as of July '25 in Gillsville, GA is 3-bedrooms: $1,800. The most common rental property sizes in Gillsville, GA are 4-bedroom and 3-bedroom, accounting for 41.6% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gillsville, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gillsville, GA is 41. This is a increase of 20.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $490,000 | 0.0% |
Listing Count | 12 | -14.0% |
| Listings as % of Homes | 0.3% | -14.0% |
Days on Market | 41 | 20.0% |
Demographics — Gillsville, GA
As of the latest ACS Survey released in 2023, Gillsville, GA has a population of 5,680, which has increased by 17.1% over the past 5 years. Gillsville, GA is a popular place for families, as children make up 32.3% of the population. The area has a poorly educated workforce, with 6.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,680 | 17.1% |
% Under 18 | 32.3% | 18.3% |
% Seniors | 11.8% | -17.5% |
% WFH | 7.7% | 87.8% |
% w/ College Degree | 6.8% | -65.1% |
As of the latest ACS Survey released in 2023, Gillsville, GA is a predominantly white area, with 59.6% of the population identifying as white. The white population has shrunk by 13.7% in the last 5 years. The second most common race or ethnicity in Gillsville, GA is hispanic, making up 37.9% of the population. Foreign-born residents account for 16.0% of the population in Gillsville, GA, and this percentage has increased by 70.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.6% | -13.7% |
% Black | 1.4% | -46.2% |
% Hispanic | 37.9% | 52.2% |
% Asian | 0.7% | ∞% |
% Foreign Born | 16.0% | 70.2% |
Mortgage and Risk — Gillsville, GA
According to HUD data as of 2023, there were 75 mortgage originations in Gillsville, GA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Gillsville, GA. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 75 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Gillsville, GA
Gillsville, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,310 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | $0 | $1,800 | $1,800 |
| 4 Bedroom | N/A | N/A | $2,070 |
Affordability — Gillsville, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $324,000 |
| Median Household Income | $75,800 |