St. Simons appreciation rates and housing market information

St. Simons housing market information

With a population of 13,448, 8,647 total housing units (homes and apartments), and a median house value of $456,800, St. Simons house prices are not only among the most expensive in Georgia, St. Simons real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in St. Simons, accounting for 64.08% of the town's housing units. Other types of housing that are prevalent in St. Simons include large apartment complexes or high rise apartments (21.79%), duplexes, homes converted to apartments, or other small apartment buildings (7.83%), row houses and other attached homes (5.13%), and a few mobile homes or trailers (1.17%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in St. Simons. Owner-occupied housing accounts for 53.75% of St. Simons's homes, and 59.81% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in St. Simons 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 St. Simons built from 1940-1969 (24.82%). A lesser amount of the housing stock also hails from 1995 and later (15.84%), and some were built from 1939 and earlier (15.84%).

St. Simons home appreciation rates

Appreciation rates for homes in St. Simons have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 121.24%, which ranks in the top 20% nationwide. This equates to an annual average St. Simons house appreciation rate of 12.12%.

Appreciation rates are so strong in St. Simons that despite a nationwide downturn in the housing market, St. Simons real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, St. Simons appreciation rates continue to be some of the highest in America, at 5.56%, which is higher than appreciation rates in 82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in St. Simons. St. Simons appreciation rates in the latest quarter were at 2.91%, which equates to an annual appreciation rate of 11.64%.

Importantly, this makes St. Simons 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 St. Simons's latest annual appreciation rate is higher than 76% of the other cities and towns in Georgia.