Real Estate Market Update for 30040 (Cumming, GA)
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was up 3% from one year earlier, and down 13% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 15%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 270-thousand dollars. The number of units sold increased 6% year-over-year, and decreased 18% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 30040 (Cumming, GA)
Area Information for 30040 (Cumming, GA)
  • Population: 66,729
  • Median Age: 37.47 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 1,137/sq mi
  • Population Change Since 2000: 124.81%
  • Closest Airport: Hartsfield - Jackson Atlanta International
  • Closest College: Itt Technical Institute
  • Closest Jr. College: Gwinnett Technical College
  • Median Household Income: $81,614
  • Annual Residential Turnover: 11%
  • Median Home Sales Price: $240,000
  • Closest Major Sports Team: Gwinnett Braves (aaa)
  • Change Avg. Household Income Since 2000: 27.49%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 30040 (Cumming, GA)
Median Age: 37.47 Married: 46% Number of Households: 22,960 Households with Children: 10,158
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 30040 (Cumming, GA)

      School Name Distance Type Grades School Rating Parent Rating
      Sawnee Elementary School 0.6 mi Public PRESCHOOL-5 4 0
      Cumming First United Methodist Church Preschool 1.7 mi Private PRESCHOOL-K 0 0
      Victory Christian Academy 2.0 mi Private K-6 0 0
      Horizon Christian Academy 2.6 mi Private K-12 0 0
      Kelly Mill Elementary School 2.8 mi Public PRESCHOOL-5 5 0
      Gate Way Academy 3.0 mi Public 6-12 0 0
      Otwell Middle School 3.0 mi Public 6-8 5 0
      Forsyth Central High School 3.1 mi Public 9-12 4 4
      Cumming Elementary School 3.1 mi Public PRESCHOOL-5 3 0
      I-achieve Academy 3.1 mi Public 6-12 4 0
      Forsyth Academy 3.1 mi Public 9-12 0 3
      Ivy League Montessori School 3.2 mi Private PRESCHOOL-6 0 0
      West Forsyth High School 3.4 mi Public 9-12 5 3
      Montessori School Of Cumming 3.6 mi Private PRESCHOOL-6 0 0
      George W. Whitlow Elementary School 4.3 mi Public K-5 5 0
      The Goddard School 5.2 mi Private PRESCHOOL-K 0 0
      Vickery Creek Middle School 5.6 mi Public 6-8 5 4
      Vickery Creek Elementary School 5.7 mi Public K-5 5 5
      Covenant Christian Academy 6.7 mi Private PRESCHOOL-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 30040 (Cumming, GA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.