St. Simons appreciation rates and housing market information

St. Simons housing market information

With 13,448 people, 8,647 houses or apartments, and a median cost of homes of $438,101, 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 99.71%, which ranks in the top 20% nationwide. This equates to an annual average St. Simons house appreciation rate of 9.97%.

Over the last year, St. Simons appreciation rates have trailed the rest of the nation. In the last twelve months, St. Simons's appreciation rate has been -1.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Simons were at 1.44%, which equates to an annual appreciation rate of 5.76%.

Relative to Georgia, our data show that St. Simons's latest annual appreciation rate is higher than 11% of the other cities and towns in Georgia.