Patterson, GA 31557 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Patterson, GA—31557

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$207,000

8.3% YoY Growth

Household Income

$47,800

2.2% YoY Growth

Days on Market

108

49.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Patterson, GA

As of May '26, the median home price in Patterson, GA is $207,000, with a year-over-year change of 8.3%. This indicates that home prices in Patterson, GA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$207,000	8.3%
Single Family	$207,000	10.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Patterson, GA

Patterson, GA lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
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

Loading chart...

% of Rental Stock

1 Bedroom

5.3%

2 Bedrooms

19.3%

3 Bedrooms

33.6%

4 Bedrooms

41.9%

Property Listings — Patterson, GA

As of May '26, Realtor.com reports that the median days on market for a home in Patterson, GA is 108. 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$254,000	4.0%
Listing Count	15	84.0%
Listings as % of Homes	0.2%	84.0%
Days on Market	108	49.0%

Loading chart...

Demographics — Patterson, GA

As of the latest ACS Survey released in 2023, Patterson, GA has a population of 3,720, which has increased by 15.1% over the past 5 years. Patterson, GA is a popular place for families, as children make up 31.8% of the population. The area has a poorly educated workforce, with 13.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,720	15.1%
% Under 18	31.8%	47.9%
% Seniors	15.9%	-11.2%
% WFH	5.5%	205.6%
% w/ College Degree	13.0%	36.8%

Loading chart...

As of the latest ACS Survey released in 2023, Patterson, GA is a predominantly white area, with 73.4% of the population identifying as white. The white population has shrunk by 17.3% in the last 5 years. The second most common race or ethnicity in Patterson, GA is black, making up 20.5% of the population. Foreign-born residents account for 1.5% of the population in Patterson, GA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	73.4%	-17.3%
% Black	20.5%	279.6%
% Hispanic	2.1%	-63.2%
% Asian	0.0%	N/A
% Foreign Born	1.5%	0.0%

Loading chart...

Mortgage and Risk — Patterson, GA

According to HUD data as of 2023, there were 52 mortgage originations in Patterson, GA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Patterson, GA. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	52
% Conventional Loans	67.0%
% Government Loans	33.0%
% Investor Loans	2.0%
% Second Loans	8.0%
% Cash Out Refinance	15.0%

Loading chart...

Rentals and Section 8 — Patterson, GA

Patterson, 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	0.7%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$870
2 Bedroom	N/A	N/A	$1,030
3 Bedroom	N/A	N/A	$1,320
4 Bedroom	N/A	N/A	$1,640

Patterson, GA—31557

Key Metrics at a Glance

Home Price Trends — Patterson, GA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Patterson, GA

% of Rental Stock

Property Listings — Patterson, GA

Demographics — Patterson, GA

Race and Ethnicity

Mortgage and Risk — Patterson, GA

Mortgages

Rentals and Section 8 — Patterson, GA

Section 8 Market Size

Section 8 Opportunity

Affordability — Patterson, GA

Home Price to Income Ratio

Patterson, GA — ZIP Code Boundary Map

Nearby ZIP Codes

Screven, GA

Bristol, GA

Blackshear, GA

Mershon, GA

Hoboken, GA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$207,000
Median Household Income	$47,800

Patterson, GA—31557

Key Metrics at a Glance

Home Price Trends — Patterson, GA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Patterson, GA

% of Rental Stock

Property Listings — Patterson, GA

Demographics — Patterson, GA

Race and Ethnicity

Mortgage and Risk — Patterson, GA

Mortgages

Rentals and Section 8 — Patterson, GA

Section 8 Market Size

Section 8 Opportunity

Affordability — Patterson, GA

Home Price to Income Ratio

Patterson, GA — ZIP Code Boundary Map

Nearby ZIP Codes

Screven, GA

Bristol, GA

Blackshear, GA

Mershon, GA

Hoboken, GA

Frequently Asked Questions

What is the average home price in Patterson, GA 31557?

How have home prices in Patterson, GA 31557 changed over the past year?

What is the home price projection for Patterson, GA 31557?

What are the demographics of Patterson, GA 31557?

How long does it take homes to sell in Patterson, GA 31557?

What is the average rent price in Patterson, GA 31557?