Ellabell, GA—31308
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ellabell, GA
As of Oct '25, the median home price in Ellabell, GA is $315,000, with a year-over-year change of 0.1%. This indicates that home prices in Ellabell, GA are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $315,000 | 0.1% |
| Single Family | $315,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | -5.1% |
3 Bed | $303,000 | -0.3% |
4 Bed | $351,000 | 0.3% |
| 5 Bed | $382,000 | -0.8% |
% of Housing Stock
Rental Trends — Ellabell, GA
As of July '25, Rentcast reports the average rent in Ellabell, GA is $2,230, with a year-over-year rent change of -10.8%. Per bedroom, the median rent as of July '25 in Ellabell, GA is 3-bedrooms: $1,630, 4-bedrooms: $2,520. The most common rental property sizes in Ellabell, GA are 2-bedroom and 3-bedroom, accounting for 34.6% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,630 |
| 4 Bed Rent | $2,450 | $2,520 |
% of Rental Stock
Property Listings — Ellabell, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ellabell, GA is 50. This is a increase of 49.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $335,000 | -3.0% |
Listing Count | 56 | -14.0% |
| Listings as % of Homes | 0.9% | -14.0% |
Days on Market | 50 | 49.0% |
Demographics — Ellabell, GA
As of the latest ACS Survey released in 2023, Ellabell, GA has a population of 8,810, which has increased by 23.9% over the past 5 years. Ellabell, GA is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 7.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,810 | 23.9% |
% Under 18 | 21.1% | -15.9% |
% Seniors | 13.8% | -0.7% |
% WFH | 3.9% | 18.2% |
% w/ College Degree | 7.9% | -24.0% |
As of the latest ACS Survey released in 2023, Ellabell, GA is a predominantly white area, with 70.6% of the population identifying as white. The white population has shrunk by 15.6% in the last 5 years. The second most common race or ethnicity in Ellabell, GA is black, making up 16.8% of the population. Foreign-born residents account for 5.1% of the population in Ellabell, GA, and this percentage has increased by 75.9% 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 | 70.6% | -15.6% |
% Black | 16.8% | 40.0% |
% Hispanic | 5.6% | 194.7% |
% Asian | 1.6% | ∞% |
% Foreign Born | 5.1% | 75.9% |
Mortgage and Risk — Ellabell, GA
According to HUD data as of 2023, there were 157 mortgage originations in Ellabell, GA, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Ellabell, GA. Investor activity is low, as 8.0% of loans were by investors. 27.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 157 |
% Conventional Loans | 50.0% |
% Government Loans | 50.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 27.0% |
Loan Activity
Rentals and Section 8 — Ellabell, GA
Ellabell, 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 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | N/A | N/A | $1,370 |
| 3 Bedroom | $410 | $1,400 | $1,810 |
| 4 Bedroom | -$370 | $2,450 | $2,080 |
Affordability — Ellabell, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $315,000 |
| Median Household Income | $65,400 |