Blackshear, GA—31516
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blackshear, GA
As of Nov '25, the median home price in Blackshear, GA is $219,000, with a year-over-year change of 2.4%. This indicates that home prices in Blackshear, GA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $219,000 | 2.4% |
| Single Family | $219,000 | 2.3% |
| 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 | $235,000 | 4.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Blackshear, GA
Blackshear, GA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,650 | $1,650 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Blackshear, GA
As of Nov '25, Realtor.com reports that the median days on market for a home in Blackshear, GA is 75. This is a decrease of -21.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $289,000 | 7.0% |
Listing Count | 74 | 35.0% |
| Listings as % of Homes | 0.5% | 35.0% |
Days on Market | 75 | -21.0% |
Demographics — Blackshear, GA
As of the latest ACS Survey released in 2023, Blackshear, GA has a population of 15,500, which has increased by 6.4% over the past 5 years. Blackshear, GA is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,500 | 6.4% |
% Under 18 | 23.7% | -6.0% |
% Seniors | 17.2% | 0.6% |
% WFH | 1.4% | -51.7% |
% w/ College Degree | 19.6% | 64.7% |
As of the latest ACS Survey released in 2023, Blackshear, GA is a predominantly white area, with 83.7% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Blackshear, GA is black, making up 7.8% of the population. Foreign-born residents account for 2.1% of the population in Blackshear, GA, and this percentage has decreased by 8.7% 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 | 83.7% | -1.1% |
% Black | 7.8% | -22.0% |
% Hispanic | 6.1% | 64.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.1% | -8.7% |
Mortgage and Risk — Blackshear, GA
According to HUD data as of 2023, there were 237 mortgage originations in Blackshear, GA, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Blackshear, GA. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 237 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Blackshear, GA
Blackshear, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 126 |
Total Units Section 8 | 70 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | -$460 | $1,650 | $1,190 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Blackshear, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $219,000 |
| Median Household Income | $57,400 |