Omega, GA—31775
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Omega, GA
As of Oct '25, the median home price in Omega, GA is $147,000, with a year-over-year change of -10.0%. This indicates that home prices in Omega, GA are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $147,000 | -10.0% |
| Single Family | $147,000 | -9.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | 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 — Omega, GA
Omega, 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 — Omega, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Omega, GA is 205. This is a increase of 159.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $498,000 | 11.0% |
Listing Count | 1 | -50.0% |
| Listings as % of Homes | 0.5% | -50.0% |
Days on Market | 205 | 159.0% |
Demographics — Omega, GA
As of the latest ACS Survey released in 2023, Omega, GA has a population of 2,790, which has decreased by -16.4% over the past 5 years. Omega, GA is a popular place for families, as children make up 25.9% of the population. The area has a poorly educated workforce, with 3.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,790 | -16.4% |
% Under 18 | 25.9% | 1.2% |
% Seniors | 12.4% | -3.9% |
% WFH | 0.7% | ∞% |
% w/ College Degree | 3.6% | -7.7% |
As of the latest ACS Survey released in 2023, Omega, GA is a predominantly white area, with 54.2% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Omega, GA is hispanic, making up 39.5% of the population. Foreign-born residents account for 21.6% of the population in Omega, GA, and this percentage has increased by 16.1% 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 | 54.2% | 1.7% |
% Black | 6.0% | 3.4% |
% Hispanic | 39.5% | -0.8% |
% Asian | 0.3% | 200.0% |
% Foreign Born | 21.6% | 16.1% |
Mortgage and Risk — Omega, GA
According to HUD data as of 2023, there were 16 mortgage originations in Omega, GA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Omega, GA. Investor activity is high, as 31.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 16 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 31.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Omega, GA
Omega, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Omega, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $147,000 |
| Median Household Income | $57,900 |