Sandy Springs appreciation rates and housing market information

Sandy Springs housing market information

With 85,524 people, 42,744 houses or apartments, and a median cost of homes of $504,540, Sandy Springs house prices are not only among the most expensive in Georgia, Sandy Springs real estate also is some of the most expensive in all of America.

large apartment complexes or high rise apartments are the single most common housing type in Sandy Springs, accounting for 54.07% of the town's housing units. Other types of housing that are prevalent in Sandy Springs include single-family detached homes (33.63%), row houses and other attached homes (6.74%), and a few duplexes, homes converted to apartments, or other small apartment buildings (5.51%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

People in Sandy Springs primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Sandy Springs has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Sandy Springs 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 Sandy Springs built from 1940-1969 (22.45%). A lesser amount of the housing stock also hails from 1995 and later (12.84%), and some were built from 1939 and earlier (12.84%).

Sandy Springs home appreciation rates

Sandy Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sandy Springs during the period has been just 5.21%, which is lower than % of US communities.

Over the last year, Sandy Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Sandy Springs's appreciation rate has been -1.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sandy Springs were at 1.90%, which equates to an annual appreciation rate of 7.60%.

Importantly, this makes Sandy Springs 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 Sandy Springs's latest annual appreciation rate is higher than 20% of the other cities and towns in Georgia.