Real Estate Market Update for Cumming, GA
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 5% from one year earlier, and down 1% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 390-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 4%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 310-thousand dollars. The number of units sold decreased 1% year-over-year, and decreased 6% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
Show Transcript
Map Information for Cumming, GA
Area Information for Cumming, GA
  • Population: 7,107
  • Median Age: 36.5 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 1,077/sq mi
  • Population Change Since 2000: 59.78%
  • Closest Airport: Hartsfield - Jackson Atlanta International
  • Closest College: Itt Technical Institute
  • Closest Jr. College: Gwinnett Technical College
  • Median Household Income: $51,187
  • Annual Residential Turnover: 20%
  • Median Home Sales Price: $187,500
  • Closest Major Sports Team: Gwinnett Braves (aaa)
  • Change Avg. Household Income Since 2000: 10.4%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Cumming, GA
Median Age: 36.5 Married: 33% Number of Households: 2,534 Households with Children: 633
Community:
    • 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 Cumming, GA

      School Name Distance Type Grades School Rating Parent Rating
      George W. Whitlow Elementary School 0.8 mi Public K-5 5 0
      Kelly Mill Elementary School 1.0 mi Public PRESCHOOL-5 5 0
      Gate Way Academy 1.3 mi Public 6-12 0 0
      Forsyth Central High School 1.6 mi Public 9-12 4 4
      Ivy League Montessori School 1.7 mi Private PRESCHOOL-6 0 0
      Otwell Middle School 1.8 mi Public 6-8 4 0
      Victory Christian Academy 1.8 mi Private K-6 0 0
      Cumming Elementary School 2.0 mi Public PRESCHOOL-5 4 0
      Cumming First United Methodist Church Preschool 2.1 mi Private PRESCHOOL-K 0 0
      Horizon Christian Academy 2.2 mi Private K-12 0 0
      The Goddard School 2.5 mi Private PRESCHOOL-K 0 0
      Fideles Christian School 2.8 mi Private K-12 0 4
      Forsyth Academy 3.1 mi Public 9-12 0 0
      I-achieve Academy 3.1 mi Public 6-12 4 0
      Sawnee Elementary School 3.1 mi Public PRESCHOOL-5 4 0
      West Forsyth High School 3.4 mi Public 9-12 5 3
      Mashburn Elementary School 3.5 mi Public PRESCHOOL-5 5 0
      South Forsyth High School 3.5 mi Public 9-12 5 3
      Montessori School Of Cumming 3.8 mi Private PRESCHOOL-6 0 0
      Vickery Creek Middle School 3.9 mi Public 6-8 5 4
      Shiloh Point Elementary School 3.9 mi Public PRESCHOOL-5 5 2
      Piney Grove Middle School 4.0 mi Public 6-8 5 0
      Vickery Creek Elementary School 4.1 mi Public K-5 5 5
      Haw Creek Elementary School 4.1 mi Public K-5 5 0
      Lakeside Middle School 4.1 mi Public 6-8 5 5
      Pinecrest Academy 4.3 mi Catholic PRESCHOOL-12 0 0
      Daves Creek Elementary School 4.4 mi Public K-5 5 0
      Carrington Academy Windermere 4.7 mi Private PRESCHOOL-1 0 0
      Chattahoochee Elementary School 4.8 mi Public PRESCHOOL-5 5 0
      Covenant Christian Academy 5.0 mi Private PRESCHOOL-12 0 0
      Montessori Academy At Sharon Springs 5.5 mi Private PRESCHOOL-9 0 0
      South Forsyth Middle School 5.7 mi Public 6-8 5 0
      Montessori Kids Academy 5.9 mi Private PRESCHOOL-6 0 0
      Big Creek Elementary School 6.0 mi Public K-5 5 0
      Coal Mountain Elementary School 6.0 mi Public PRESCHOOL-5 4 0
      North Forsyth High School 6.2 mi Public 9-12 4 3
      North Forsyth Middle School 6.2 mi Public 6-8 5 4
      Cornerstone Schools 6.5 mi Private PRESCHOOL-10 0 0
      Matt Elementary School 7.1 mi Public PRESCHOOL-5 4 0
      Liberty Middle School 7.1 mi Public 6-8 5 0
      Brookwood Elementary School 7.5 mi Public PRESCHOOL-5 5 0
      Little Mill Middle School 8.5 mi Public 6-8 4 3
      Silver City Elementary School 9.5 mi Public PRESCHOOL-5 4 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 SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 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.