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Demorest

Learn about the people, housing, costs and businesses in Demorest, Georgia

Median Home$203,600
Median Rent$1,034/month
Population2,307
Leading IndustriesProfessional Services · Public Administration · Retail4% professional services
Home Value Growth⬆⬆+11.5% over 2 years
Young Adults38% of residentstop 4% nationally
Homeowners66% of occupied units
Demorest
GA

Frequently Asked Questions

What are today's mortgage rates in Demorest?

As of today, the 30-year fixed mortgage rate for Demorest is approximately 6.917% (6.954% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Demorest?

The median home value in Demorest is $204k. The median monthly rent is $1,034. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Demorest?

Home values in Demorest have increased 11.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Demorest?

Based on a typical all-in ownership cost of $976/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Demorest is $69k/year.

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What industries drive the economy in Demorest?

The largest employment sectors in Demorest are public administration (31%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.