Market Research

Ellijay, GA

What are the STR Laws
Look at market: bedrooms, amenities, etc
Find the average annual revenue by bedrooms interested in ex: a 4br = $60,000
Look for the top performing properties of the bedroom counts interested in: top 2 categories in pricing
What do they look like? Style, design
Where are they located?
Amenities
Look for things to do and find golden triangles (google bard)
Setup a search on zillow with what found
Is this an area we want to pursue? If yes look for realtor on Bigger Pockets

STR Laws:

Nothing on the Gilmer County website. Need to call to verify but seems there are no restrictions.

Market Stats

Market Overview By Bedroom (20% GY)
6
Market
Num BRs
% of market
Fifty % Monthly
Seventy-Five % Monthly
Low Target Home Price
Highest Target Home Price
1
Ellijay, Georgia
1
7%
2200
3500
$132,000.00
$210,000.00
2
Ellijay, Georgia
4
17%
4500
6500
$270,000.00
$390,000.00
3
Ellijay, Georgia
5
8%
6500
9000
$390,000.00
$540,000.00
No results from filter

Amenities

52% of properties have hot tubs
21% of properties have pools

Top Performing Properties

It seems like the biggest consistent amenity is that they are on the river
other amenities are: fire pits, hot tubs
Also seem to be west of town 5-10 minutes
All have that rustic cabin feel inside and out
Views is another big things and docks

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