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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Statesboro, GA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Statesboro, GA Housing Market Trends

With a population of 34,353, 11,857 total housing units (homes and apartments), and a median house value of $255,665, Statesboro 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 Statesboro, accounting for 35.28% of the city's housing units. Other types of housing that are prevalent in Statesboro include large apartment complexes or high rise apartments ( 33.60%), duplexes, homes converted to apartments or other small apartment buildings ( 21.89%), and a few row houses and other attached homes ( 5.33%).

Renters dominate Statesboro's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Statesboro built from 1970 to 1999 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 Statesboro built between 2000 and later ( 32.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.42%). There's also some housing in Statesboro built before 1939 ( 4.74%).

Vacant housing appears to be an issue in Statesboro. Fully 11.57% of the housing stock is classified as vacant. Left unchecked, vacant Statesboro homes and apartments can be a drag on the real estate market, holding Statesboro real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Statesboro Home Appreciation Rates

Real estate appreciation rates in Statesboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.98% during the period.

Appreciation rates are so strong in Statesboro that despite a nationwide downturn in the housing market, Statesboro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Statesboro appreciation rates continue to be some of the highest in America, at 6.97%, which is higher than appreciation rates in 74.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Statesboro. Statesboro appreciation rates in the latest quarter were at 1.22%, which equates to an annual appreciation rate of 4.98%.

Relative to Georgia, our data show that Statesboro's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Statesboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Statesboro - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Statesboro real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$255,665

Statesboro, GA Home Prices
> $1,429,000
$1,072,001 - $1,429,000
$714,001 - $1,072,000
$572,001 - $714,000
$429,001 - $572,000
$286,001 - $429,000
$143,001 - $286,000
$71,001 - $143,000
$0 - $71,000
0.7%
0.7%
0.2%
0.2%
2.0%
2.0%
3.4%
3.4%
7.5%
7.5%
21.2%
21.2%
43.7%
43.7%
16.9%
16.9%
4.4%
4.4%
0% 100.0%
% of Homes
Average

for Georgia

Average

for nation

Number of Homes And Apartments:

11,857

Statesboro Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,515 / per month

Homeownership Rate

Owners
Renters
16.2%
16.2%
83.8%
83.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.6%
11.6%
88.4%
88.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
32.2%
32.2%
42.7%
42.7%
20.4%
20.4%
4.7%
4.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
35.3%
35.3%
5.3%
5.3%
21.9%
21.9%
33.6%
33.6%
3.9%
3.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
10.2%
10.2%
36.5%
36.5%
35.1%
35.1%
15.7%
15.7%
1.0%
1.0%
0% 100.0%
% of Homes

Popular Communities Near Statesboro, GA

Zip Codes in Statesboro, GA