Elko, GA—31025
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elko, GA
As of Oct '25, the median home price in Elko, GA is $344,000, with a year-over-year change of 5.5%. This indicates that home prices in Elko, GA are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $344,000 | 5.5% |
| Single Family | $345,000 | 5.8% |
| 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 | $381,000 | 6.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elko, GA
Elko, GA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio 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 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elko, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Elko, GA is 65. This is a decrease of -51.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $565,000 | 131.0% |
Listing Count | 10 | 50.0% |
| Listings as % of Homes | 0.8% | 50.0% |
Days on Market | 65 | -51.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,340 | 54.6% |
% Under 18 | 22.7% | 45.5% |
% Seniors | 17.7% | 12.7% |
% WFH | 15.5% | ∞% |
% w/ College Degree | 30.6% | 3.7% |
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
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.9% | -10.1% |
% Black | 27.9% | -3.1% |
% Hispanic | 2.5% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.7% | ∞% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,100 |
| 3 Bedroom | N/A | N/A | $1,470 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Elko, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $344,000 |
| Median Household Income | $138,000 |