The story of this market
The typical home in ZIP 31566 sells for about $688,772, or $345 per square foot.
Prices are up +1.7% from a year ago, so sellers still have some momentum. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $756 a month.
ZIP 31566 — Waynesville
The St. Simons Island housing market remains stable with modest price appreciation and a low inventory environment. High demand for coastal property continues to support values, though rising insurance costs and interest rates have tempered the pace of sales compared to previous years.
This ZIP is ideal for affluent retirees, remote workers, and second-home buyers seeking a coastal lifestyle, though it remains a popular choice for families attracted to the island's schools and community atmosphere.
Median prices moved up 1.7% year over year.
Homes spend a median of 46 days on market with 6.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 33.9% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 31566, Glynn County, GA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in St. Simons Island are generally low, with the area consistently ranking as safer than the national average and many other coastal communities in Georgia.
The area is served by the Glynn County School District, which maintains a solid reputation with several highly-rated elementary and middle schools that contribute to the community's appeal for families.
As a barrier island, the area faces significant exposure to hurricane-force winds, storm surge, and flooding, necessitating mandatory flood insurance for many properties and strict building codes.
Economic momentum is driven by tourism, hospitality, and a growing base of remote professionals, with limited land availability constraining large-scale new development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Georgia) — Homestead Exemption: Provides a reduction in the assessed value of the property; the state standard exemption is $2,000, which is subtracted from the assessed value before the millage rate is applied. State (Georgia) — Ad Valorem Property Tax Assessment: Taxable tangible property is assessed at 40 percent of its fair market value. The formula for tax due is: ((Fair Market Value * 0.40) - Exemptions) * Millage Rate.
Commutes are primarily car-dependent, with most residents traveling to the mainland via the F.J. Torras Causeway to reach employment hubs in Brunswick.
The island offers extensive recreational amenities including public beaches, numerous golf courses, miles of biking and walking trails, and the historic St. Simons Pier and Village shopping district.
The rental market is tight with high demand for seasonal and long-term housing, often influenced by the prevalence of short-term vacation rentals.
The economy is anchored by tourism, hospitality, and healthcare, with significant employment provided by the nearby Federal Law Enforcement Training Center (FLETC) in Brunswick.
Transportation is dominated by private vehicles; public transit options are limited, relying on regional bus services connecting the island to the mainland.
Development is strictly regulated by local zoning to preserve the island's character, with current focus on infrastructure resilience and small-scale infill projects.
The Glynn County Board of Assessors manages property valuations, conducting periodic reassessments to align with market trends.
Parcels are subject to Glynn County property taxes, school district levies, and specific utility service district fees.
Property insurance premiums are elevated due to coastal hazard risks, with many properties requiring specialized wind and flood coverage.
Data retrieved from Census Bureau ZCTA-level tables and local population estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Historic pier offering fishing and scenic views of the Atlantic.
World-class golf facilities serving the island and surrounding area.
Features a public pool, playground, and oceanfront green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.