Alpharetta appreciation rates and housing market information

Alpharetta housing market information

With 34,611 people, 14,645 houses or apartments, and a median cost of homes of $354,810, Alpharetta house prices are not only among the most expensive in Georgia, Alpharetta real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Alpharetta, accounting for 55.10% of the city's housing units. Other types of housing that are prevalent in Alpharetta include large apartment complexes or high rise apartments (35.29%), row houses and other attached homes (5.69%), and a few duplexes, homes converted to apartments, or other small apartment buildings (3.75%).

The most prevalent building size and type in Alpharetta are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 56.86% owning, and 37.66% renting.

There is a lot of housing in Alpharetta built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Alpharetta built from 1995 and later (43.44%). A lesser amount of the housing stock also hails from 1940-1969 (4.33%), and some were built from 1939 and earlier (4.33%).

Alpharetta home appreciation rates

Appreciation rates for homes in Alpharetta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.50%, which ranks in the top 30% nationwide. This equates to an annual average Alpharetta house appreciation rate of 9.25%.

Appreciation rates are so strong in Alpharetta that despite a nationwide downturn in the housing market, Alpharetta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Alpharetta appreciation rates continue to be some of the highest in America, at 2.90%, which is higher than appreciation rates in 74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Alpharetta. Alpharetta appreciation rates in the latest quarter were at 2.90%, which equates to an annual appreciation rate of 11.60%.

Importantly, this makes Alpharetta one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Alpharetta's latest annual appreciation rate is higher than 77% of the other cities and towns in Georgia.