Thomasville, GA—31792
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Thomasville, GA
Home Price Trends — Thomasville, GA
As of Oct '25, the median home price in Thomasville, GA is $196,000, with a year-over-year change of -0.4%. This indicates that home prices in Thomasville, GA are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | -0.4% |
| Single Family | $196,000 | 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 | $141,000 | -2.1% |
3 Bed | $235,000 | 2.2% |
4 Bed | $386,000 | 1.6% |
| 5 Bed | $640,000 | 0.6% |
% of Housing Stock
Rental Trends — Thomasville, GA
As of July '25, Rentcast reports the average rent in Thomasville, GA is $1,490, with a year-over-year rent change of 74.7%. Per bedroom, the median rent as of July '25 in Thomasville, GA is studios: $975, 1-bedrooms: $942, 2-bedrooms: $1,440, 3-bedrooms: $1,630, 4-bedrooms: $2,050. The most common rental property sizes in Thomasville, GA are 2-bedroom and 3-bedroom, accounting for 38.1% and 36.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,490 |
| Studio Rent | $975 | $975 |
| 1 Bed Rent | $933 | $942 |
| 2 Bed Rent | $1,400 | $1,440 |
| 3 Bed Rent | $1,800 | $1,630 |
| 4 Bed Rent | $2,000 | $2,050 |
% of Rental Stock
Property Listings — Thomasville, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Thomasville, GA is 77. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -5.0% |
Listing Count | 136 | 14.0% |
| Listings as % of Homes | 0.7% | 14.0% |
Days on Market | 77 | 0.0% |
Demographics — Thomasville, GA
As of the latest ACS Survey released in 2023, Thomasville, GA has a population of 22,500, which has decreased by -6.3% over the past 5 years. Thomasville, GA is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,500 | -6.3% |
% Under 18 | 23.2% | -2.5% |
% Seniors | 20.2% | 14.1% |
% WFH | 6.1% | 177.3% |
% w/ College Degree | 25.1% | -2.0% |
As of the latest ACS Survey released in 2023, Thomasville, GA is a predominantly black area, with 48.6% of the population identifying as black. The black population has grown by 5.0% in the last 5 years. The second most common race or ethnicity in Thomasville, GA is white, making up 47.1% of the population. Foreign-born residents account for 2.2% of the population in Thomasville, GA, and this percentage has increased by 15.8% 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 | 47.1% | -1.7% |
% Black | 48.6% | 5.0% |
% Hispanic | 1.9% | -36.7% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 2.2% | 15.8% |
Mortgage and Risk — Thomasville, GA
According to HUD data as of 2023, there were 298 mortgage originations in Thomasville, GA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Thomasville, GA. Investor activity is low, as 12.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 298 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 12.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Thomasville, GA
Thomasville, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 667 |
Total Units Section 8 | 384 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $117 | $933 | $1,050 |
| 2 Bedroom | -$230 | $1,400 | $1,170 |
| 3 Bedroom | -$290 | $1,800 | $1,510 |
| 4 Bedroom | -$450 | $2,000 | $1,550 |
Affordability — Thomasville, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $196,000 |
| Median Household Income | $49,000 |