The story of this market
The typical home in ZIP 30506 sells for about $489,000, or $234 per square foot.
Prices are up +13.7% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,371 a month.
ZIP 30506 — Gainesville
The 30506 housing market is experiencing significant price appreciation, with a 13.7% year-over-year increase in median sale price. While inventory remains modest, the market is seeing longer days on market compared to the previous year, suggesting a shift toward more balanced conditions. Rental demand remains robust, evidenced by nearly 10% rent growth.
This area is well-suited for families and those seeking a suburban lifestyle near Lake Lanier, given the prevalence of single-family homes and larger lot sizes.
Median prices moved up 13.7% year over year.
Homes spend a median of 88 days on market with 2.3 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 8.3% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 30506
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Georgia) — Homestead Exemption: Provides a reduction in the assessed value of the property; the state standard exemption is $2,000, which is subtracted from the assessed value before the millage rate is applied. State (Georgia) — Ad Valorem Property Tax Assessment: Taxable tangible property is assessed at 40 percent of its fair market value. The formula for tax due is: ((Fair Market Value * 0.40) - Exemptions) * Millage Rate.
The rental market shows strong demand with a 9.74% year-over-year increase in median asking rent.
The local economy is anchored by the Gainesville regional hub, featuring a mix of manufacturing, healthcare, and logistics industries.
Data retrieved from US Census Bureau ZCTA profiles and City-Data.com.
- Andretti Indoor Karting & Games Buford4.419.9 mi
- Margaritaville at Lanier Islands4.112.8 mi
- Urban Air Trampoline and Adventure Park4.218.6 mi
- Sky Zone Trampoline Park4.318.6 mi
- Uncle Shuck's Corn Maze and Pumpkin Patch4.311.8 mi
- Topgolf Buford4.419.8 mi
- Montaluce Winery & Restaurant4.118.2 mi
- Atlanta Motorsports Park4.716.6 mi
- Andretti Indoor Karting & Games Buford4.419.9 mi
- Lanier Islands Resort4.511.9 mi
- Central Park, Cumming GA4.712.3 mi
- Don Carter State Park4.710 mi
- Atlanta Botanical Garden, GAINESVILLE4.65.3 mi
- Uncle Shuck's Corn Maze and Pumpkin Patch4.311.8 mi
- Rock Creek Park & Recreation4.512.1 mi
- Dahlonega Gold Museum4.714.3 mi
- Gwinnett Environmental and Heritage Center4.719.5 mi
- Consolidated Gold Mine4.914.4 mi
- Ink Interactive Neighborhood4.57.5 mi
- Crisson Gold Mine4.816.1 mi
- Central Park, Cumming GA4.712.3 mi
- Don Carter State Park4.710 mi
- Atlanta Botanical Garden, GAINESVILLE4.65.3 mi
- Lanierland Park4.77.2 mi
- Rock Creek Park & Recreation4.512.1 mi
- Margaritaville at Lanier Islands4.112.8 mi
- Port Royale Marina4.57 mi
- Holiday On Lake Lanier4.712.4 mi
- Bald Ridge Marina4.713.8 mi
- Gainesville Marina and Boat Sales4.62.5 mi
- Chicopee Woods Golf Course4.47.3 mi
- Legacy Golf Course at Lanier Islands Resort4.412.5 mi
- Hampton Golf Village4.28.8 mi
- Country Land Golf Course3.86.9 mi
- Oaks Miniature Golf LLC4.95.2 mi
- RIS Limousine4.823.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price diverges 25.8% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $614,995 (+25.8% vs the prior refresh cycle) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.