Bonanza First-Time Homebuyer Report for October

With 3,135 residents, Bonanza is a larger than average city in Georgia. Also, with a 38.0% increase over the last 10 years, its population is growing slightly faster than other parts of the state. With a median age of 12 years, homes in Bonanza tend to be relatively new. The top school in the city is Hillcrest Elementary School.

Price Range

Homes in Bonanza are generally less expensive than others in the state with a median home value of $43,100 and an average list price of $89,265. Over the last 30 days, the sale of seven homes took place in the Bonanza market. This shows a 12.5% reduction from the prior period but the area remains on an emerging upward trend.

Make sure you take a look at these eye-catching homes in Bonanza that generated the most views from potential buyers:

$129K   $112K   $129K  

Typical Dwelling

The typical dwelling in Bonanza is a three-bedroom detached home worth about $88,046. To purchase a similar home, a buyer with good credit and a $17,609 cash down payment could obtain a mortgage with a 3.95% interest rate and a $503 monthly payment. The property tax rate is $6.75 per $1,000 of taxable assessed value.

Get started right now by checking out Bonanza homes for sale or reviewing Bonanza real estate trends.


Data reported through 10/13/2016

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Meridian Realty
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Peniel Elite Real Est. Brokers
Snapped 1 home in this area
Berkshire Hathaway HomeServices Georgia Properties
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