Chatsworth appreciation rates and housing market information

Chatsworth housing market information

With a population of 3,482, 1,597 total housing units (homes and apartments), and a median house value of $163,078, Chatsworth real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Chatsworth, accounting for 60.49% of the city's housing units. Other types of housing that are prevalent in Chatsworth include large apartment complexes or high rise apartments (15.78%), duplexes, homes converted to apartments, or other small apartment buildings (15.34%), mobile homes or trailers (6.95%), and a few row houses and other attached homes (1.44%).

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

There is a lot of housing in Chatsworth 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 Chatsworth built from 1940-1969 (30.93%). A lesser amount of the housing stock also hails from 1995 and later (23.86%), and some were built from 1939 and earlier (23.86%).

Vacant housing appears to be an issue in Chatsworth. Fully 11.15% of the housing stock is classified as vacant. Left unchecked, vacant Chatsworth homes and apartments can be a drag on the real estate market, holding Chatsworth 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.

Chatsworth home appreciation rates

Chatsworth's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chatsworth during the period has been just 4.99%, which is lower than % of US communities.

Over the last year, Chatsworth appreciation rates have trailed the rest of the nation. In the last twelve months, Chatsworth's appreciation rate has been -2.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chatsworth were at 9.57%, which equates to an annual appreciation rate of 38.28%.

Importantly, this makes Chatsworth 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 Chatsworth's latest annual appreciation rate is higher than 6% 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 city. Individual neighborhoods within Chatsworth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chatsworth - 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 Chatsworth real estate investment or home purchase decisions.