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  1. Home
  2. /Browse ZIP Codes
  3. /Georgia
  4. /Damascus, GA - 39841

Damascus, GA—39841

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$108,000
6.9% YoY Growth
Household Income
$55,900
87.0% YoY Growth
Days on Market
N/A
N/A
Home Price Forecast
N/A
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Damascus, GA

Damascus, GA lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$108,0006.9%
Single Family $108,00010.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    2 Bedrooms
    25.2%
    3 Bedrooms
    43.2%
    4 Bedrooms
    31.2%
    5+ Bedrooms
    0.4%

    Rental Trends — Damascus, GA

    Damascus, GA lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    2 Bedrooms
    66.7%
    3 Bedrooms
    22.2%
    4 Bedrooms
    11.1%

    Property Listings — Damascus, GA

    Damascus, GA lacks sufficient listing trend data for analysis.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		N/AN/A
    Listing Count
    		N/AN/A
    Listings as % of HomesN/AN/A
    Days on Market
    		N/AN/A
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    Demographics — Damascus, GA

    As of the latest ACS Survey released in 2023, Damascus, GA has a population of 867, which has increased by 23.0% over the past 5 years. Damascus, GA is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		86723.0%
    % Under 18
    		20.4%9.7%
    % Seniors
    		28.7%-3.7%
    % WFH
    		0.0%-100.0%
    % w/ College Degree
    		21.2%27.7%
    Loading chart...

    As of the latest ACS Survey released in 2023, Damascus, GA is a predominantly black area, with 61.7% of the population identifying as black. The black population has grown by 21.2% in the last 5 years. The second most common race or ethnicity in Damascus, GA is white, making up 26.2% of the population. Foreign-born residents account for 8.9% of the population in Damascus, GA, and this percentage has increased by 242.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		26.2%-38.8%
    % Black
    		61.7%21.2%
    % Hispanic
    		15.1%48.0%
    % Asian
    		0.0%N/A
    % Foreign Born
    		8.9%242.3%
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    Mortgage and Risk — Damascus, GA

    According to HUD data as of 2023, there were 15 mortgage originations in Damascus, GA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Damascus, GA. Investor activity is high, as 40.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		15
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		40.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		13.0%
    Loading chart...
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    Rentals and Section 8 — Damascus, GA

    Damascus, GA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$810
    2 BedroomN/AN/A$910
    3 BedroomN/AN/A$1,160
    4 BedroomN/AN/A$1,290

    Affordability — Damascus, GA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio1.8
    Median Home Price$108,000
    Median Household Income$55,900

    Damascus, GA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Arlington, GA

    39813

    Colquitt, GA

    39837

    Albany, GA

    39862

    Newton, GA

    39870

    Bainbridge, GA

    39817

    Frequently Asked Questions