Stone Mountain appreciation rates and housing market information

Stone Mountain housing market information

With 6,833 people, 2,561 houses or apartments, and a median cost of homes of $151,400, Stone Mountain 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 Stone Mountain, accounting for 55.45% of the city's housing units. Other types of housing that are prevalent in Stone Mountain include large apartment complexes or high rise apartments (18.39%), duplexes, homes converted to apartments, or other small apartment buildings (13.04%), row houses and other attached homes (11.83%), and a few mobile homes or trailers (1.29%).

The most prevalent building size and type in Stone Mountain are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 52.99% owning, and 41.55% renting.

There is a lot of housing in Stone Mountain 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 Stone Mountain built from 1940-1969 (16.79%). A lesser amount of the housing stock also hails from 1939 and earlier (5.93%), and some were built from 1995 and later (5.93%).

Stone Mountain home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Stone Mountain, where house values have increased just 33.29%, which is an average annual increase of 3.32%. NeighborhoodScout's data show that in the latest quarter, Stone Mountain house values appreciated -1.27%, which is an annualized rate of -5.08%. This rate is lower than the appreciation rate found in 70% of the cities and towns in America.

Over the last year, Stone Mountain appreciation rates have trailed the rest of the nation. In the last twelve months, Stone Mountain's appreciation rate has been -2.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stone Mountain were at -1.27%, which equates to an annual appreciation rate of -5.08%.

Relative to Georgia, our data show that Stone Mountain's latest annual appreciation rate is higher than 1% 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 Stone Mountain differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stone Mountain - 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 1990, to assist you in making the best Stone Mountain real estate investment or home purchase decisions.