Forsyth, GA—31029
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forsyth, GA
As of Oct '25, the median home price in Forsyth, GA is $317,000, with a year-over-year change of 2.5%. This indicates that home prices in Forsyth, GA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 2.5% |
| Single Family | $318,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $171,000 | -1.2% |
3 Bed | $292,000 | 2.8% |
4 Bed | $461,000 | 3.1% |
| 5 Bed | $524,000 | 2.3% |
% of Housing Stock
Rental Trends — Forsyth, GA
As of July '25, Rentcast reports the average rent in Forsyth, GA is $1,780, with a year-over-year rent change of 9.9%. Per bedroom, the median rent as of July '25 in Forsyth, GA is 2-bedrooms: $1,170, 4-bedrooms: $2,610. The most common rental property sizes in Forsyth, GA are 2-bedroom and 3-bedroom, accounting for 44.4% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,250 | $1,170 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,970 | $2,610 |
% of Rental Stock
Property Listings — Forsyth, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Forsyth, GA is 68. This is a decrease of -2.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | 3.0% |
Listing Count | 112 | -7.0% |
| Listings as % of Homes | 1.6% | -7.0% |
Days on Market | 68 | -2.0% |
Demographics — Forsyth, GA
As of the latest ACS Survey released in 2023, Forsyth, GA has a population of 18,300, which has increased by 11.3% over the past 5 years. Forsyth, GA is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,300 | 11.3% |
% Under 18 | 22.3% | -2.6% |
% Seniors | 17.5% | 12.9% |
% WFH | 0.9% | -18.2% |
% w/ College Degree | 25.7% | 6.2% |
As of the latest ACS Survey released in 2023, Forsyth, GA is a predominantly white area, with 72.6% of the population identifying as white. The white population has grown by 7.6% in the last 5 years. The second most common race or ethnicity in Forsyth, GA is black, making up 21.7% of the population. Foreign-born residents account for 1.8% of the population in Forsyth, GA, and this percentage has increased by 5.9% 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 | 72.6% | 7.6% |
% Black | 21.7% | -22.8% |
% Hispanic | 3.1% | 29.2% |
% Asian | 1.7% | 240.0% |
% Foreign Born | 1.8% | 5.9% |
Mortgage and Risk — Forsyth, GA
According to HUD data as of 2023, there were 487 mortgage originations in Forsyth, GA, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Forsyth, GA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 487 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Forsyth, GA
Forsyth, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 174 |
Total Units Section 8 | 175 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | -$120 | $1,250 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,470 |
| 4 Bedroom | -$1,070 | $2,970 | $1,900 |
Affordability — Forsyth, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $317,000 |
| Median Household Income | $79,500 |