Damascus, GA—39841
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Damascus, GA
Damascus, GA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $105,000 | -12.1% |
| Single Family | $105,000 | -10.3% |
| 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 — Damascus, GA
Damascus, 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 — Damascus, GA
Damascus, GA lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $224,000 | N/A |
Listing Count | 2 | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | 102 | N/A |
Demographics — Damascus, GA
As of the latest ACS Survey released in 2023, Damascus, GA has a population of 867, which has increased by 23.0% over the past 5 years. Damascus, GA is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 867 | 23.0% |
% Under 18 | 20.4% | 9.7% |
% Seniors | 28.7% | -3.7% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 21.2% | 27.7% |
As of the latest ACS Survey released in 2023, Damascus, GA is a predominantly black area, with 61.7% of the population identifying as black. The black population has grown by 21.2% in the last 5 years. The second most common race or ethnicity in Damascus, GA is white, making up 26.2% of the population. Foreign-born residents account for 8.9% of the population in Damascus, GA, and this percentage has increased by 242.3% 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 | 26.2% | -38.8% |
% Black | 61.7% | 21.2% |
% Hispanic | 15.1% | 48.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 8.9% | 242.3% |
Mortgage and Risk — Damascus, GA
According to HUD data as of 2023, there were 15 mortgage originations in Damascus, GA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Damascus, GA. Investor activity is high, as 40.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 15 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 40.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Damascus, GA
Damascus, 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 | $810 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Damascus, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $105,000 |
| Median Household Income | $55,900 |