The story of this market
The typical home in ZIP 31024 sells for about $409,000, or $289 per square foot.
Prices are down 17.04% from a year ago, which gives buyers more room to negotiate. Homes take about 74 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,003 a month.
ZIP 31024 — Eatonton
The 31024 housing market is experiencing a correction in sold prices despite steady listing activity, likely reflecting a shift from the peak demand seen in previous years. High inventory levels relative to sales pace suggest a transition toward a more balanced market for buyers. The area remains a premium destination for lake-lifestyle properties, which continues to support higher median listing prices.
This ZIP is ideal for retirees, second-home buyers, and families seeking a lake-lifestyle environment, though it presents challenges for those requiring proximity to major urban employment centers.
Median prices moved down 17.0% year over year.
Homes spend a median of 74 days on market with 2.1 months of supply — a fast-moving market.
39% of listings have cut prices · homes sell at 95.7% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 18.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 31024, Putnam County GA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Public schools serving the area are generally categorized as 'Other' in local listings, indicating a reliance on regional or alternative district structures.
The area is subject to standard regional climate risks including potential for severe weather; property insurance posture is influenced by proximity to Lake Oconee.
Economic momentum is driven by the Lake Oconee recreational corridor and residential development, with major employers in the surrounding Putnam County region.
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.
Commuting typically requires personal vehicle use, with access to regional employment hubs via state highways; public transit options are not determinable.
The area is anchored by Lake Oconee, offering extensive water-based recreation, golf courses, and local shopping/dining districts within the immediate vicinity.
The rental market is characterized by high demand for lake-area properties, with median rents around $2,600 and significant interest from seasonal and long-term residents.
The local economy is heavily influenced by the tourism, hospitality, and real estate sectors centered around the Lake Oconee resort area.
Transportation is primarily highway-based, serving as a rural-to-suburban transition zone with limited public transit infrastructure.
Development is focused on residential expansion and lake-front community enhancements.
The Putnam County Tax Assessor manages property valuations based on fair market value standards.
Parcels are subject to Putnam County school and general government tax districts.
Property insurance premiums are sensitive to regional hazard profiles and the high value of waterfront residential assets.
Data sourced from Census Reporter and Data Commons for ZCTA 31024.
- Buffington's4.217.9 mi
- Oconee National Forest4.67.4 mi
- Parkside Main 84.412.7 mi
- Old Salem Park4.511.4 mi
- Historic Uncle Remus Museum4.61.1 mi
- Georgia's Old Governor's Mansion4.817.9 mi
- Blaque Butterfly at Reese Hall4.817.4 mi
- Oconee National Forest4.67.4 mi
- Oconee Springs Park4.610.5 mi
- Old Salem Park4.511.4 mi
- Sugar Creek Marina4.712.3 mi
- Oconee Springs Park4.610.5 mi
- Twin Bridges Landing Inc4.57.3 mi
- Blue Springs Marina4.617 mi
- Young Harris Water Sports Lake Oconee (Boat & Jet Ski Rentals)4.811.4 mi
- Publix Super Market at Lake Oconee Village4.512.9 mi
- Publix Super Market at Lakeside Commons4.412.5 mi
- Ingles Markets4.32.1 mi
- Five Star Toyota of Milledgeville4.812.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major recreational anchor for boating, fishing, and water sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.