Tybee Island, GA—31328
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tybee Island, GA
As of Oct '25, the median home price in Tybee Island, GA is $639,000, with a year-over-year change of -8.0%. This indicates that home prices in Tybee Island, GA are decreasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $639,000 | -8.0% |
| Single Family | $717,000 | -8.5% |
| Condos | $504,000 | -6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $490,000 | -9.1% |
3 Bed | $681,000 | -7.7% |
4 Bed | $929,000 | -6.1% |
| 5 Bed | $1,229,000 | -6.4% |
% of Housing Stock
Rental Trends — Tybee Island, GA
As of July '25, Rentcast reports the average rent in Tybee Island, GA is $6,000, with a year-over-year rent change of 165.5%. Detailed rent data by bedroom size is not available for Tybee Island, GA. The most common rental property sizes in Tybee Island, GA are 2-bedroom and 3-bedroom, accounting for 43.5% and 39.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $6,000 | $6,000 |
| 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 — Tybee Island, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Tybee Island, GA is 113. This is a increase of 17.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | -2.0% |
Listing Count | 125 | 22.0% |
| Listings as % of Homes | 1.9% | 22.0% |
Days on Market | 113 | 17.0% |
Demographics — Tybee Island, GA
As of the latest ACS Survey released in 2023, Tybee Island, GA has a population of 3,330, which has decreased by -7.1% over the past 5 years. Tybee Island, GA is a less popular place for families, as children make up 8.4% of the population. The area has a highly educated workforce, with 49.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,330 | -7.1% |
% Under 18 | 8.4% | -50.0% |
% Seniors | 45.6% | 102.7% |
% WFH | 12.5% | -33.9% |
% w/ College Degree | 49.5% | -0.8% |
As of the latest ACS Survey released in 2023, Tybee Island, GA is a predominantly white area, with 94.3% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Tybee Island, GA is black, making up 2.3% of the population. Foreign-born residents account for 4.3% of the population in Tybee Island, GA, and this percentage has increased by 87.0% 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 | 94.3% | -1.3% |
% Black | 2.3% | 27.8% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 4.3% | 87.0% |
Mortgage and Risk — Tybee Island, GA
According to HUD data as of 2023, there were 102 mortgage originations in Tybee Island, GA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Tybee Island, GA. Investor activity is high, as 17.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 102 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 17.0% |
% Second Loans | 25.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Tybee Island, GA
Tybee Island, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,450 |
| 2 Bedroom | N/A | N/A | $1,610 |
| 3 Bedroom | N/A | N/A | $2,170 |
| 4 Bedroom | N/A | N/A | $2,500 |
Affordability — Tybee Island, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $639,000 |
| Median Household Income | $106,000 |