Griffin, GA—30224
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Griffin, GA
As of Oct '25, the median home price in Griffin, GA is $257,000, with a year-over-year change of -1.9%. This indicates that home prices in Griffin, GA are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | -1.9% |
| Single Family | $258,000 | -1.9% |
| Condos | $163,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | -2.3% |
3 Bed | $243,000 | -2.0% |
4 Bed | $322,000 | -1.2% |
| 5 Bed | $403,000 | -1.2% |
% of Housing Stock
Rental Trends — Griffin, GA
As of July '25, Rentcast reports the average rent in Griffin, GA is $1,580, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Griffin, GA is 1-bedrooms: $1,070, 2-bedrooms: $1,220, 3-bedrooms: $1,600, 4-bedrooms: $2,330. The most common rental property sizes in Griffin, GA are 3-bedroom and 2-bedroom, accounting for 43.2% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,210 | $1,070 |
| 2 Bed Rent | $1,340 | $1,220 |
| 3 Bed Rent | $1,520 | $1,600 |
| 4 Bed Rent | $2,250 | $2,330 |
% of Rental Stock
Property Listings — Griffin, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Griffin, GA is 68. This is a increase of 40.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $314,000 | -1.0% |
Listing Count | 170 | -12.0% |
| Listings as % of Homes | 1.1% | -12.0% |
Days on Market | 68 | 40.0% |
Demographics — Griffin, GA
As of the latest ACS Survey released in 2023, Griffin, GA has a population of 29,500, which has increased by 17.2% over the past 5 years. Griffin, GA is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,500 | 17.2% |
% Under 18 | 24.4% | -4.3% |
% Seniors | 15.0% | -5.1% |
% WFH | 6.7% | 191.3% |
% w/ College Degree | 21.9% | -3.5% |
As of the latest ACS Survey released in 2023, Griffin, GA is a predominantly white area, with 60.3% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Griffin, GA is black, making up 31.3% of the population. Foreign-born residents account for 3.1% of the population in Griffin, GA, and this percentage has increased by 34.8% 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 | 60.3% | -8.2% |
% Black | 31.3% | 11.0% |
% Hispanic | 4.4% | 76.0% |
% Asian | 0.3% | -84.2% |
% Foreign Born | 3.1% | 34.8% |
Mortgage and Risk — Griffin, GA
According to HUD data as of 2023, there were 535 mortgage originations in Griffin, GA, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Griffin, GA. Investor activity is low, as 3.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 535 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Griffin, GA
As of 2024, the percent of homes in Griffin, GA under the Section 8 program is 12.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Griffin, GA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 494 |
Total Units Section 8 | 494 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 74.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,210 | $1,270 |
| 2 Bedroom | $70 | $1,340 | $1,410 |
| 3 Bedroom | $180 | $1,520 | $1,700 |
| 4 Bedroom | -$210 | $2,250 | $2,040 |
Affordability — Griffin, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $257,000 |
| Median Household Income | $70,100 |