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Elko, GA—31025

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$375,000
7.4% YoY Growth
Household Income
$138,000
66.7% YoY Growth
Days on Market
22
85.0% Longer YoY
Home Price Forecast
2.5%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Elko, GA

As of May '26, the median home price in Elko, GA is $375,000, with a year-over-year change of 7.4%. This indicates that home prices in Elko, GA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$375,0007.4%
Single Family $377,0008.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$410,0008.5%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    2 Bedrooms
    19.0%
    3 Bedrooms
    49.3%
    4 Bedrooms
    27.5%
    5+ Bedrooms
    4.1%

    Rental Trends — Elko, GA

    Elko, GA lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    2 Bedrooms
    100.0%

    Property Listings — Elko, GA

    As of May '26, Realtor.com reports that the median days on market for a home in Elko, GA is 22. This is a increase of 85.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$826,0002.0%
    Listing Count
    		3-61.0%
    Listings as % of Homes0.8%-61.0%
    Days on Market
    		2285.0%
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    Demographics — Elko, GA

    As of the latest ACS Survey released in 2023, Elko, GA has a population of 1,340, which has increased by 54.6% over the past 5 years. Elko, GA is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,34054.6%
    % Under 18
    		22.7%45.5%
    % Seniors
    		17.7%12.7%
    % WFH
    		15.5%∞%
    % w/ College Degree
    		30.6%3.7%
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    As of the latest ACS Survey released in 2023, Elko, GA is a predominantly white area, with 59.9% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Elko, GA is black, making up 27.9% of the population. Foreign-born residents account for 0.7% of the population in Elko, GA, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		59.9%-10.1%
    % Black
    		27.9%-3.1%
    % Hispanic
    		2.5%∞%
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.7%∞%
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    Mortgage and Risk — Elko, GA

    According to HUD data as of 2023, there were 110 mortgage originations in Elko, GA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Elko, GA. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		110
    % Conventional Loans
    		73.0%
    % Government Loans
    		27.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Elko, GA

    Elko, 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
    		22.2%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$980
    2 BedroomN/AN/A$1,100
    3 BedroomN/AN/A$1,470
    4 BedroomN/AN/A$1,710

    Affordability — Elko, GA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.2
    Median Home Price$375,000
    Median Household Income$138,000

    Elko, GA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Perry, GA

    31069

    Unadilla, GA

    31091

    Kathleen, GA

    31047

    Bonaire, GA

    31005

    Hawkinsville, GA

    31036

    Frequently Asked Questions