Chamblee appreciation rates and housing market information

Chamblee housing market information

With 9,838 people, 2,780 houses or apartments, and a median cost of homes of $293,377, Chamblee real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Chamblee, accounting for 44.35% of the city's housing units. Other types of housing that are prevalent in Chamblee include large apartment complexes or high rise apartments (28.60%), duplexes, homes converted to apartments, or other small apartment buildings (22.63%), row houses and other attached homes (3.92%), and a few mobile homes or trailers (0.50%).

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

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. Chamblee's housing was primarily built during this period, from the '40s through the '60s. A full 56.65% of the city's housing hails from this era. Other housing ages represented in Chamblee include homes built between 1970-1994 (36.98%), and housing constructed from 1939 and earlier (3.35%). There's also some housing in Chamblee built between 1995 and later (3.02%).

Chamblee home appreciation rates

In the last 10 years, Chamblee has experienced some of the highest home appreciation rates of any community in the nation. Chamblee real estate appreciated 115.09% over the last ten years, which is an average annual home appreciation rate of 11.50%, putting Chamblee in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Chamblee definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Chamblee that despite a nationwide downturn in the housing market, Chamblee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chamblee appreciation rates continue to be some of the highest in America, at 5.16%, which is higher than appreciation rates in 90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chamblee. Chamblee appreciation rates in the latest quarter were at 3.47%, which equates to an annual appreciation rate of 13.88%.

Importantly, this makes Chamblee 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 Chamblee's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.