Augusta appreciation rates and housing market information

Augusta housing market information

With 195,419 people, 68,458 houses or apartments, and a median cost of homes of $147,931, Augusta real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Augusta, accounting for 60.55% of the town's housing units. Other types of housing that are prevalent in Augusta include large apartment complexes or high rise apartments (18.57%), duplexes, homes converted to apartments, or other small apartment buildings (11.19%), mobile homes or trailers (5.37%), and a few row houses and other attached homes (4.31%).

The most prevalent building size and type in Augusta are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 47.94% owning, and 41.29% renting.

There is a lot of housing in Augusta 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 Augusta built from 1940-1969 (42.95%). A lesser amount of the housing stock also hails from 1939 and earlier (8.70%), and some were built from 1995 and later (8.70%).

Vacant housing appears to be an issue in Augusta. Fully 10.77% of the housing stock is classified as vacant. Left unchecked, vacant Augusta homes and apartments can be a drag on the real estate market, holding Augusta real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Augusta home appreciation rates

Real estate appreciation rates in Augusta have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.95% during the period.

Appreciation rates are so strong in Augusta that despite a nationwide downturn in the housing market, Augusta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Augusta appreciation rates continue to be some of the highest in America, at 2.59%, which is higher than appreciation rates in 71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Augusta. Augusta appreciation rates in the latest quarter were at 0.74%, which equates to an annual appreciation rate of 2.96%.

Relative to Georgia, our data show that Augusta's latest annual appreciation rate is higher than 72% 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 Augusta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Augusta - 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 Augusta real estate investment or home purchase decisions.