Smithville, GA—31787
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Smithville, GA
As of Oct '25, the median home price in Smithville, GA is $153,000, with a year-over-year change of -2.3%. This indicates that home prices in Smithville, GA are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $153,000 | -2.3% |
| Single Family | $153,000 | -1.3% |
| 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 | $176,000 | -1.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Smithville, GA
Smithville, 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 — Smithville, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Smithville, GA is 61. This is a decrease of -18.0% from last year, suggesting that homes are sitting on the market shorter 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 | $155,000 | -66.0% |
Listing Count | 2 | -62.0% |
| Listings as % of Homes | N/A | -62.0% |
Days on Market | 61 | -18.0% |
Demographics — Smithville, GA
As of the latest ACS Survey released in 2023, Smithville, GA has a population of 1,320, which has decreased by -15.6% over the past 5 years. Smithville, GA is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,320 | -15.6% |
% Under 18 | 26.3% | 2.7% |
% Seniors | 13.5% | -27.0% |
% WFH | 11.5% | 666.7% |
% w/ College Degree | 19.5% | 21.9% |
As of the latest ACS Survey released in 2023, Smithville, GA is a predominantly white area, with 78.6% of the population identifying as white. The white population has grown by 75.1% in the last 5 years. The second most common race or ethnicity in Smithville, GA is black, making up 21.4% of the population. Foreign-born residents account for 0.2% of the population in Smithville, GA, and this percentage has decreased by 90.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.6% | 75.1% |
% Black | 21.4% | -59.2% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.2% | -90.9% |
Mortgage and Risk — Smithville, GA
According to HUD data as of 2023, there were 27 mortgage originations in Smithville, GA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Smithville, GA. Investor activity is low, as 15.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 27 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 15.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Smithville, GA
Smithville, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $960 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | N/A | N/A | $1,470 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Smithville, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $153,000 |
| Median Household Income | $76,100 |