Ellijay appreciation rates and housing market information

Ellijay housing market information

With a population of 20,601, 11,923 total housing units (homes and apartments), and a median house value of $160,195, Ellijay 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 Ellijay, accounting for 68.43% of the town's housing units. Other types of housing that are prevalent in Ellijay include mobile homes or trailers (22.68%), duplexes, homes converted to apartments, or other small apartment buildings (2.47%), large apartment complexes or high rise apartments (2.27%), and a few row houses and other attached homes (0.98%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Ellijay. Owner-occupied housing accounts for 59.38% of Ellijay's homes, and 51.66% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ellijay 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 Ellijay built from 1995 and later (27.59%). A lesser amount of the housing stock also hails from 1940-1969 (13.70%), and some were built from 1939 and earlier (13.70%).

Ellijay home appreciation rates

Appreciation rates for homes in Ellijay have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.65%, which ranks in the top 30% nationwide. This equates to an annual average Ellijay house appreciation rate of 9.36%.

NeighborhoodScout's data show that during the latest twelve months, Ellijay home appreciation rates, at 2.49%, have been at or slightly above the national average. In the latest quarter, Ellijay's appreciation rate has been 2.15%, which annualizes to a rate of 8.60%.

Importantly, this makes Ellijay one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Georgia, our data show that Ellijay's latest annual appreciation rate is higher than 71% of the other cities and towns in Georgia.