Macon, GA—31201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Macon, GA
As of Oct '25, the median home price in Macon, GA is $105,000, with a year-over-year change of -11.9%. This indicates that home prices in Macon, GA are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $105,000 | -11.9% |
| Single Family | $102,000 | -10.5% |
| 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 | -21.1% |
3 Bed | $102,000 | -12.8% |
4 Bed | $208,000 | -4.1% |
| 5 Bed | $329,000 | -4.1% |
% of Housing Stock
Rental Trends — Macon, GA
As of July '25, Rentcast reports the average rent in Macon, GA is $1,210, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Macon, GA is studios: $897, 1-bedrooms: $1,030, 2-bedrooms: $1,310, 3-bedrooms: $1,550, 4-bedrooms: $2,180. The most common rental property sizes in Macon, GA are 1-bedroom and 2-bedroom, accounting for 31.6% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,210 |
| Studio Rent | $775 | $897 |
| 1 Bed Rent | $950 | $1,030 |
| 2 Bed Rent | $1,200 | $1,310 |
| 3 Bed Rent | $1,500 | $1,550 |
| 4 Bed Rent | $2,000 | $2,180 |
% of Rental Stock
Property Listings — Macon, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Macon, GA is 64. This is a decrease of -7.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $140,000 | -11.0% |
Listing Count | 45 | -11.0% |
| Listings as % of Homes | 0.7% | -11.0% |
Days on Market | 64 | -7.0% |
Demographics — Macon, GA
As of the latest ACS Survey released in 2023, Macon, GA has a population of 7,860, which has decreased by -3.0% over the past 5 years. Macon, GA is a less popular place for families, as children make up 14.3% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,860 | -3.0% |
% Under 18 | 14.3% | -4.0% |
% Seniors | 11.9% | -17.9% |
% WFH | 9.0% | 60.7% |
% w/ College Degree | 29.4% | 26.2% |
As of the latest ACS Survey released in 2023, Macon, GA is a predominantly black area, with 59.4% of the population identifying as black. The black population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Macon, GA is white, making up 30.6% of the population. Foreign-born residents account for 3.8% of the population in Macon, GA, and this percentage has increased by 137.5% 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 | 30.6% | -10.3% |
% Black | 59.4% | -5.4% |
% Hispanic | 5.6% | 522.2% |
% Asian | 2.0% | 53.8% |
% Foreign Born | 3.8% | 137.5% |
Mortgage and Risk — Macon, GA
According to HUD data as of 2023, there were 34 mortgage originations in Macon, GA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Macon, GA. Investor activity is low, as 15.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 34 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 15.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Macon, GA
As of 2024, the percent of homes in Macon, GA under the Section 8 program is 35.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Macon, GA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,044 |
Total Units Section 8 | 1,028 |
% Rentals under Section 8 | 35.2% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $950 | $1,000 |
| 2 Bedroom | -$40 | $1,200 | $1,160 |
| 3 Bedroom | -$100 | $1,500 | $1,400 |
| 4 Bedroom | -$460 | $2,000 | $1,540 |
Affordability — Macon, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $105,000 |
| Median Household Income | $22,900 |