Quitman, GA—31643
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Quitman, GA
As of Nov '25, the median home price in Quitman, GA is $148,000, with a year-over-year change of -1.9%. This indicates that home prices in Quitman, GA are decreasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $148,000 | -1.9% |
| Single Family | $149,000 | -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 | $116,000 | -1.7% |
3 Bed | $193,000 | 2.1% |
4 Bed | $275,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Quitman, GA
As of July '25, Rentcast reports the average rent in Quitman, GA is $1,290, with a year-over-year rent change of 27.7%. Per bedroom, the median rent as of July '25 in Quitman, GA is 2-bedrooms: $800, 3-bedrooms: $1,390, 4-bedrooms: $1,400. The most common rental property sizes in Quitman, GA are 3-bedroom and 2-bedroom, accounting for 31.9% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | $1,200 | $1,390 |
| 4 Bed Rent | $1,400 | $1,400 |
% of Rental Stock
Property Listings — Quitman, GA
As of Nov '25, Realtor.com reports that the median days on market for a home in Quitman, GA is 53. This is a increase of 11.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $237,000 | -8.0% |
Listing Count | 27 | 43.0% |
| Listings as % of Homes | 0.3% | 43.0% |
Days on Market | 53 | 11.0% |
Demographics — Quitman, GA
As of the latest ACS Survey released in 2023, Quitman, GA has a population of 9,850, which has increased by 8.7% over the past 5 years. Quitman, GA is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 11.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,850 | 8.7% |
% Under 18 | 21.6% | -8.5% |
% Seniors | 22.3% | 9.9% |
% WFH | 3.4% | 41.7% |
% w/ College Degree | 11.4% | -26.9% |
As of the latest ACS Survey released in 2023, Quitman, GA is a predominantly white area, with 48.5% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Quitman, GA is black, making up 43.4% of the population. Foreign-born residents account for 0.8% of the population in Quitman, GA, and this percentage has decreased by 81.0% 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 | 48.5% | 0.6% |
% Black | 43.4% | -0.9% |
% Hispanic | 6.2% | 0.0% |
% Asian | 0.1% | -92.9% |
% Foreign Born | 0.8% | -81.0% |
Mortgage and Risk — Quitman, GA
According to HUD data as of 2023, there were 100 mortgage originations in Quitman, GA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Quitman, GA. Investor activity is high, as 19.0% 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 | 100 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 19.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Quitman, GA
Quitman, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 228 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 62.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | $200 | $800 | $1,000 |
| 3 Bedroom | $140 | $1,200 | $1,340 |
| 4 Bedroom | $150 | $1,400 | $1,550 |
Affordability — Quitman, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $148,000 |
| Median Household Income | $43,300 |