Athens appreciation rates and housing market information

Athens housing market information

With a population of 100,274, 36,976 total housing units (homes and apartments), and a median house value of $193,608, Athens real estate is some of the most expensive in Georgia, although Athens home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Athens, accounting for 44.62% of the town's housing units. Other types of housing that are prevalent in Athens include large apartment complexes or high rise apartments (27.12%), duplexes, homes converted to apartments, or other small apartment buildings (17.98%), mobile homes or trailers (5.76%), and a few row houses and other attached homes (4.40%).

People in Athens primarily live in small (one, two, or no bedroom) single-family detached homes. Athens has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Athens 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 Athens built from 1940-1969 (30.37%). A lesser amount of the housing stock also hails from 1995 and later (12.54%), and some were built from 1939 and earlier (12.54%).

Athens home appreciation rates

Real estate appreciation rates in Athens have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.30% during the period.

NeighborhoodScout's data show that during the latest twelve months, Athens home appreciation rates, at 0.94%, have been at or slightly above the national average. In the latest quarter, Athens's appreciation rate has been -1.45%, which annualizes to a rate of -5.80%.

Notably, Athens's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Georgia, our data show that Athens's latest annual appreciation rate is higher than 50% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Athens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Athens - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Athens real estate investment or home purchase decisions.