Bonaire, GA—31005
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bonaire, GA
As of Oct '25, the median home price in Bonaire, GA is $295,000, with a year-over-year change of 3.1%. This indicates that home prices in Bonaire, GA are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 3.1% |
| Single Family | $295,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $242,000 | 4.3% |
4 Bed | $359,000 | 2.3% |
| 5 Bed | $438,000 | 2.1% |
% of Housing Stock
Rental Trends — Bonaire, GA
As of July '25, Rentcast reports the average rent in Bonaire, GA is $1,810, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in Bonaire, GA is 1-bedrooms: $976, 2-bedrooms: $1,190, 3-bedrooms: $1,840, 4-bedrooms: $2,190. The most common rental property sizes in Bonaire, GA are 3-bedroom and 2-bedroom, accounting for 56.6% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,720 | $1,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $967 | $976 |
| 2 Bed Rent | $1,220 | $1,190 |
| 3 Bed Rent | $1,700 | $1,840 |
| 4 Bed Rent | $2,100 | $2,190 |
% of Rental Stock
Property Listings — Bonaire, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bonaire, GA is 85. This is a increase of 15.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $369,000 | 2.0% |
Listing Count | 190 | 5.0% |
| Listings as % of Homes | 2.2% | 5.0% |
Days on Market | 85 | 15.0% |
Demographics — Bonaire, GA
As of the latest ACS Survey released in 2023, Bonaire, GA has a population of 20,700, which has increased by 18.1% over the past 5 years. Bonaire, GA is a popular place for families, as children make up 28.5% of the population. The area has a moderately educated workforce, with 40.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,700 | 18.1% |
% Under 18 | 28.5% | 5.2% |
% Seniors | 9.1% | -4.2% |
% WFH | 8.7% | 411.8% |
% w/ College Degree | 40.6% | 26.1% |
As of the latest ACS Survey released in 2023, Bonaire, GA is a predominantly white area, with 60.9% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Bonaire, GA is black, making up 22.5% of the population. Foreign-born residents account for 4.8% of the population in Bonaire, GA, and this percentage has increased by 11.6% 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 | 60.9% | -9.2% |
% Black | 22.5% | 9.8% |
% Hispanic | 7.5% | -7.4% |
% Asian | 1.2% | -20.0% |
% Foreign Born | 4.8% | 11.6% |
Mortgage and Risk — Bonaire, GA
According to HUD data as of 2023, there were 917 mortgage originations in Bonaire, GA, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Bonaire, GA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 917 |
% Conventional Loans | 50.0% |
% Government Loans | 50.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Bonaire, GA
As of 2024, the percent of homes in Bonaire, GA under the Section 8 program is 2.9%. 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 Bonaire, 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 | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 62.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $473 | $967 | $1,440 |
| 2 Bedroom | $370 | $1,220 | $1,590 |
| 3 Bedroom | $430 | $1,700 | $2,130 |
| 4 Bedroom | $390 | $2,100 | $2,490 |
Affordability — Bonaire, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $295,000 |
| Median Household Income | $107,000 |