Shellman, GA—39886
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shellman, GA
Shellman, GA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $120,000 | -1.1% |
| Single Family | $120,000 | 0.0% |
| 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 | $102,000 | -1.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shellman, GA
Shellman, 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 — Shellman, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Shellman, GA is 198. This is a decrease of -10.0% 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 | $200,000 | 69.0% |
Listing Count | 1 | -17.0% |
| Listings as % of Homes | 0.3% | -17.0% |
Days on Market | 198 | -10.0% |
Demographics — Shellman, GA
As of the latest ACS Survey released in 2023, Shellman, GA has a population of 1,300, which has decreased by -26.9% over the past 5 years. Shellman, GA is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 15.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,300 | -26.9% |
% Under 18 | 26.4% | 12.8% |
% Seniors | 16.4% | -26.5% |
% WFH | 10.7% | -18.9% |
% w/ College Degree | 15.9% | 40.7% |
As of the latest ACS Survey released in 2023, Shellman, GA is a predominantly black area, with 52.3% of the population identifying as black. The black population has grown by 28.8% in the last 5 years. The second most common race or ethnicity in Shellman, GA is white, making up 40.4% of the population. Foreign-born residents account for 0.2% of the population in Shellman, GA, and this percentage has decreased by 84.6% 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 | 40.4% | -17.2% |
% Black | 52.3% | 28.8% |
% Hispanic | 5.2% | 18.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.2% | -84.6% |
Mortgage and Risk — Shellman, GA
According to HUD data as of 2023, there were 17 mortgage originations in Shellman, GA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Shellman, GA. Investor activity is low, as 6.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 17 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 6.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Shellman, GA
Shellman, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 1.2% |
% 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 | $940 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Shellman, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $120,000 |
| Median Household Income | $38,900 |