Cordele, GA—31015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cordele, GA
As of Oct '25, the median home price in Cordele, GA is $132,000, with a year-over-year change of -4.7%. This indicates that home prices in Cordele, GA are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $132,000 | -4.7% |
| Single Family | $132,000 | -4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $56,000 | -12.5% |
3 Bed | $148,000 | -2.0% |
4 Bed | $298,000 | 1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cordele, GA
As of July '25, Rentcast reports the average rent in Cordele, GA is $981, with a year-over-year rent change of -12.4%. Per bedroom, the median rent as of July '25 in Cordele, GA is 1-bedrooms: $675, 2-bedrooms: $934, 3-bedrooms: $1,000, 4-bedrooms: $1,210. The most common rental property sizes in Cordele, GA are 3-bedroom and 2-bedroom, accounting for 43.4% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $981 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $675 |
| 2 Bed Rent | $925 | $934 |
| 3 Bed Rent | $1,000 | $1,000 |
| 4 Bed Rent | $1,020 | $1,210 |
% of Rental Stock
Property Listings — Cordele, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cordele, GA is 92. 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | -17.0% |
Listing Count | 107 | 27.0% |
| Listings as % of Homes | 0.6% | 27.0% |
Days on Market | 92 | 15.0% |
Demographics — Cordele, GA
As of the latest ACS Survey released in 2023, Cordele, GA has a population of 18,600, which has decreased by -13.6% over the past 5 years. Cordele, GA is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 15.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,600 | -13.6% |
% Under 18 | 24.3% | -3.6% |
% Seniors | 19.4% | 13.5% |
% WFH | 7.8% | 212.0% |
% w/ College Degree | 15.7% | 12.9% |
As of the latest ACS Survey released in 2023, Cordele, GA is a predominantly black area, with 47.8% of the population identifying as black. The black population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Cordele, GA is white, making up 46.7% of the population. Foreign-born residents account for 1.2% of the population in Cordele, GA, and this percentage has decreased by 55.6% 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 | 46.7% | -3.1% |
% Black | 47.8% | 4.8% |
% Hispanic | 3.0% | -6.2% |
% Asian | 0.3% | -70.0% |
% Foreign Born | 1.2% | -55.6% |
Mortgage and Risk — Cordele, GA
According to HUD data as of 2023, there were 155 mortgage originations in Cordele, GA, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Cordele, GA. Investor activity is low, as 8.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 155 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 8.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Cordele, GA
Cordele, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 545 |
Total Units Section 8 | 109 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 73.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $675 | $760 |
| 2 Bedroom | -$15 | $925 | $910 |
| 3 Bedroom | $120 | $1,000 | $1,120 |
| 4 Bedroom | $190 | $1,020 | $1,210 |
Affordability — Cordele, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $132,000 |
| Median Household Income | $41,900 |