ZIP Code · GA

ZIP 30294

Pop. 41,983·Henry County·45th most expensive ZIP in Georgia
Median rent (all units)
$2,056/mo
Year-over-Year
+1.1%
Month-over-Month
-0.5%
vs US Median
+$124
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 30294 · $2,056
More expensive than 64% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,650
1 BR
$1,720
2 BR
$1,890
3 BR
$2,270
4 BR+
$2,710
Research median
$1,890/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 30294 usually run 1.1% below trend in January and 1% above it in September, about $43 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 30294 is 1.4% below its high of $2,085 in July 2026, at $2,056 as of September 2026.

Past year vs. the rest of Georgia

Rent in ZIP 30294 changed +1.1% over the year to September 2026. Across the 216 Georgia ZIP codes Zillow tracks, the typical change was +2.4%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 30294 rose 54.7% while median household income rose 24.5% ($64,044 to $79,762). Rent outpaced income.

Since before the pandemic

Rent in ZIP 30294 is 58.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($79,762) is $1,994 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,890); a 3-bedroom is $2,270.

Cheaper nearby

ZIP 30288, 4 miles away, rents for 14% less ($1,776/mo), about $3,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 30294. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$24,672/yr
At $2,056/mo median
Location
StateGA
CountyHenry County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.1% YoY, -0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 30294 (Ellenwood, GA) is majority owner-occupied, 30.1% of residents hold a bachelor's degree or higher.

Population
41,983
Median income
$79,762
Median age
40.4
Renters
19.4%
Age distribution
24.5%
18%
27.7%
14.6%
15.3%
Under 1824.5%
18–3418%
35–5427.7%
55–6414.6%
65+15.3%
Gender
44.7%
55.3%
Male44.7%
Female55.3%
Race & ethnicity
82.9%
White8%
Black82.9%
Hispanic7.4%
Asian1%
Other0.8%
Education (25+)
30.6%
30.4%
30.1%
No HS diploma8.9%
HS diploma30.6%
Some college30.4%
Bachelor's+30.1%
Housing tenure
80.6%
19.4%
Owner80.6%
Renter19.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 30294 in Ellenwood, GA has changed in 5 years

Rent
$1,498 → $2,056
up 37.2%
Income
$69,876 → $79,762
up 14.1%
Population
41,037 → 41,983
up 2.3%
Renter share
21.9% → 19.4%
-2.5 pts
Bachelor's+
25.5% → 30.1%
+4.6 pts

Rent in ZIP 30294 in Ellenwood, GA has increased 37.2% since 2021, going from about $1,498 per month to roughly $2,056 today. Census figures show median household income at $79,762 today, compared with $69,876 five years earlier. Rent outpaced income growth by roughly 23.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 41,037 to 41,983 between 2021 and 2024, a 2.3% change. About 19.4% of households rent today, against 21.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 25.5% to 30.1%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 30294

Last updated: October 17, 2026

ZIP code 30294 covers Ellenwood, GA. The median rent here is $2,056/mo as of October 2026. A 1-bedroom rents for a median of $1,720/mo. A 2-bedroom rents for a median of $1,890/mo.

At 31% of local median household income ($79,762/yr), ZIP 30294 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 30294?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (about $39/hour full-time) to afford the median rent of $2,056/mo in ZIP 30294. The local median household income is $79,762/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 30294?

Rent in ZIP 30294 has risen 1.1% over the past year as of September 2026. It sits 1.4% below its high of $2,085 in July 2026.

When is the cheapest time to rent in ZIP 30294?

Asking rents in ZIP 30294 are usually lowest in January, about 1.1% below their yearly trend, and highest in September, about 1% above it. At today's median that is a gap of roughly $43 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 30294?

Yes. From 2019 to 2024, rent in ZIP 30294 rose 54.7% while median household income rose 24.5%, from $64,044 to $79,762. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 30294 compare to other ZIPs in Georgia?

ZIP 30294 is one of the pricier among Georgia ZIP codes for rent, ranking #45 of 234 at $2,056/mo. Over the year to September 2026, rent in ZIP 30294 changed +1.1%, against a typical +2.4% across the 216 Georgia ZIP codes Zillow tracks.

How does ZIP 30294 compare to the rest of Ellenwood?

At $2,056/mo, ZIP 30294 is $11 above the Ellenwood citywide median of $2,045/mo.
Income Affordability
31%
MODERATE

At $2,056/mo, rent takes ~31% of ZIP 30294's median household income ($79,762/yr). The standard benchmark is 30%.

ZIP 30294 31%Benchmark 30%
State income tax4.99%
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Schools nearby

Public schools near ZIP 30294 (Ellenwood, GA)

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