Hiawassee appreciation rates and housing market information

Hiawassee housing market information

With a population of 754, 519 total housing units (homes and apartments), and a median house value of $267,600, Hiawassee real estate is some of the most expensive in Georgia, although Hiawassee home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Hiawassee, accounting for 61.66% of the town's housing units. Other types of housing that are prevalent in Hiawassee include duplexes, homes converted to apartments, or other small apartment buildings (16.96%), mobile homes or trailers (12.14%), row houses and other attached homes (7.51%), and a few large apartment complexes or high rise apartments (1.73%).

The most prevalent building size and type in Hiawassee are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 42.39% owning, and 24.28% renting.

There is a lot of housing in Hiawassee 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 Hiawassee built from 1940-1969 (19.46%). A lesser amount of the housing stock also hails from 1995 and later (14.64%), and some were built from 1939 and earlier (14.64%).

Hiawassee home appreciation rates

Appreciation rates for homes in Hiawassee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 118.21%, which ranks in the top 20% nationwide. This equates to an annual average Hiawassee house appreciation rate of 11.82%.

Appreciation rates are so strong in Hiawassee that despite a nationwide downturn in the housing market, Hiawassee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hiawassee appreciation rates continue to be some of the highest in America, at 6.57%, which is higher than appreciation rates in 89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hiawassee. Hiawassee appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.64%.

Relative to Georgia, our data show that Hiawassee's latest annual appreciation rate is higher than 83% of the other cities and towns in Georgia.