Patterson, GA—31557
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Patterson, GA
As of Oct '25, the median home price in Patterson, GA is $193,000, with a year-over-year change of 0.2%. This indicates that home prices in Patterson, GA are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | 0.2% |
| Single Family | $193,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Patterson, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Patterson, GA is 53. This is a increase of 19.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $262,000 | 20.0% |
Listing Count | 9 | -30.0% |
| Listings as % of Homes | 0.2% | -30.0% |
Days on Market | 53 | 19.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Patterson, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $193,000 |
| Median Household Income | $47,800 |