Macon, GA—31220
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 $244,000, with a year-over-year change of -0.2%. This indicates that home prices in Macon, GA are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $244,000 | -0.2% |
| Single Family | $245,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $215,000 | 1.9% |
3 Bed | $209,000 | -0.5% |
4 Bed | $347,000 | 1.5% |
| 5 Bed | $502,000 | 0.6% |
% of Housing Stock
Rental Trends — Macon, GA
As of July '25, Rentcast reports the average rent in Macon, GA is $1,500, with a year-over-year rent change of -26.8%. Per bedroom, the median rent as of July '25 in Macon, GA is 1-bedrooms: $1,100, 2-bedrooms: $1,290, 3-bedrooms: $1,580, 4-bedrooms: $2,220. The most common rental property sizes in Macon, GA are 3-bedroom and 2-bedroom, accounting for 42.6% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,090 | $1,100 |
| 2 Bed Rent | $1,220 | $1,290 |
| 3 Bed Rent | $1,600 | $1,580 |
| 4 Bed Rent | $2,100 | $2,220 |
% 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 89. This is a increase of 61.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $348,000 | 23.0% |
Listing Count | 105 | 26.0% |
| Listings as % of Homes | 0.8% | 26.0% |
Days on Market | 89 | 61.0% |
Demographics — Macon, GA
As of the latest ACS Survey released in 2023, Macon, GA has a population of 16,200, which has increased by 11.7% over the past 5 years. Macon, GA is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 34.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,200 | 11.7% |
% Under 18 | 23.1% | 6.9% |
% Seniors | 18.8% | 21.3% |
% WFH | 9.7% | 98.0% |
% w/ College Degree | 34.1% | 4.0% |
As of the latest ACS Survey released in 2023, Macon, GA is a predominantly white area, with 46.1% of the population identifying as white. The white population has shrunk by 13.3% in the last 5 years. The second most common race or ethnicity in Macon, GA is black, making up 42.6% of the population. Foreign-born residents account for 5.4% of the population in Macon, GA, and this percentage has increased by 12.5% 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 | 46.1% | -13.3% |
% Black | 42.6% | 11.2% |
% Hispanic | 3.5% | 0.0% |
% Asian | 4.7% | 56.7% |
% Foreign Born | 5.4% | 12.5% |
Mortgage and Risk — Macon, GA
According to HUD data as of 2023, there were 247 mortgage originations in Macon, GA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Macon, GA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 247 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Macon, GA
As of 2024, the percent of homes in Macon, GA under the Section 8 program is 3.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Macon, GA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 82 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,090 | $1,370 |
| 2 Bedroom | $370 | $1,220 | $1,590 |
| 3 Bedroom | $310 | $1,600 | $1,910 |
| 4 Bedroom | $60 | $2,100 | $2,160 |
Affordability — Macon, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $244,000 |
| Median Household Income | $83,300 |