Real Estate Market Update for Mcdonough, 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 up 16% from one year earlier, and up 5% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 230-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 14%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold increased 19% year-over-year, and decreased 23% 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 Mcdonough, GA
Area Information for Mcdonough, GA
  • Population: 23,937
  • Median Age: 33.88 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 1,874/sq mi
  • Population Change Since 2000: 117.85%
  • Closest Airport: Hartsfield - Jackson Atlanta International
  • Closest College: Devry University Henry County
  • Closest Jr. College: Southern Cresent Tech Clg-griffin Campus
  • Median Household Income: $50,491
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $140,000
  • Closest Major Sports Team: Atlanta Braves
  • Change Avg. Household Income Since 2000: 5.34%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Mcdonough, GA
Median Age: 33.88 Married: 37% Number of Households: 8,680 Households with Children: 3,418
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 Mcdonough, GA

      School Name Distance Type Grades School Rating Parent Rating
      Wesley Lakes Elementary School 0.2 mi Public K-5 1 0
      Mcdonough Methodist Academy 1.2 mi Private PRESCHOOL-5 0 0
      Henry County Middle School 1.6 mi Public 6-8 1 0
      Mcdonough Elementary School 2.1 mi Public PRESCHOOL-5 1 0
      Henry County High School 2.2 mi Public 9-12 1 3
      Academy For Advanced Studies 2.2 mi Public 9-12 0 0
      Oakland Elementary School 2.2 mi Public K-5 1 0
      Meadowland Montessori School 2.3 mi Private PRESCHOOL-5 0 0
      Creekside Christian Academy 2.6 mi Private PRESCHOOL-12 0 0
      Peoples Baptist Academy 2.6 mi Private PRESCHOOL-12 0 0
      New Creation Christian Academy 3.2 mi Private 6-12 0 4
      Lake Dow Christian Academy 3.4 mi Private PRESCHOOL-8 0 0
      Living Word Christian Academy 3.5 mi Private K-12 0 0
      Flippen Elementary School 3.6 mi Public K-5 3 0
      Eagle's Landing High School 3.7 mi Public 9-12 2 3
      Eagle's Landing Middle School 3.7 mi Public 6-8 2 0
      Eagle's Landing Christian Academy 3.9 mi Private PRESCHOOL-12 0 0
      Hickory Flat Elementary School 4.0 mi Public K-5 3 0
      Union Grove High School 4.3 mi Public 9-12 4 4
      Union Grove Middle School 4.4 mi Public 6-8 4 0
      East Lake Elementary School 4.4 mi Public K-5 4 0
      Tussahaw Elementary School 5.0 mi Public K-5 2 0
      Abc Montessori 5.3 mi Private PRESCHOOL-12 0 0
      Timber Ridge Elementary School 6.3 mi Public PRESCHOOL-5 4 0
      The Sharon School 7.2 mi Private PRESCHOOL-6 0 0
      Ola High School 7.2 mi Public 9-11 4 4
      Ola Middle School 7.2 mi Public 6-8 4 0
      Ola Elementary School 7.2 mi Public K-5 4 0
      Rock Spring Elementary School 10.7 mi Public K-5 3 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 Mcdonough, 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.