Avondale Estates appreciation rates and housing market information

Avondale Estates housing market information

With a population of 2,553, 1,235 total housing units (homes and apartments), and a median house value of $313,551, Avondale Estates real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Avondale Estates, accounting for 80.08% of the city's housing units. Other types of housing that are prevalent in Avondale Estates include row houses and other attached homes (9.31%), duplexes, homes converted to apartments, or other small apartment buildings (7.85%), and a few large apartment complexes or high rise apartments (2.75%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Avondale Estates. Owner-occupied housing accounts for 89.72% of Avondale Estates's homes, and 63.07% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Avondale Estates's housing was primarily built during this period, from the '40s through the '60s. A full 63.81% of the city's housing hails from this era. Other housing ages represented in Avondale Estates include homes built between 1970-1994 (23.08%), and housing constructed from 1939 and earlier (13.11%).

Avondale Estates home appreciation rates

Real estate appreciation rates in Avondale Estates have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.60% during the period.

NeighborhoodScout's data show that during the latest twelve months, Avondale Estates home appreciation rates, at 1.25%, have been at or slightly above the national average. In the latest quarter, Avondale Estates's appreciation rate has been 2.49%, which annualizes to a rate of 9.96%.

Importantly, this makes Avondale Estates 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 Avondale Estates's latest annual appreciation rate is higher than 55% of the other cities and towns in Georgia.