Suwanee appreciation rates and housing market information

Suwanee housing market information

With a population of 9,064, 3,233 total housing units (homes and apartments), and a median house value of $336,000, Suwanee house prices are not only among the most expensive in Georgia, Suwanee 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 Suwanee, accounting for 75.44% of the city's housing units. Other types of housing that are prevalent in Suwanee include large apartment complexes or high rise apartments (23.63%), and a few row houses and other attached homes (0.62%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Suwanee. Owner-occupied housing accounts for 72.10% of Suwanee's homes, and 59.48% have either three or four bedrooms, which is average sized relative to America.

Suwanee homes and real estate are some of the newest in America. 63.41% of Suwanee's housing was built since 1995, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Suwanee real estate market has to offer. Quit a bit of the housing here was also built between 1970-1994 (32.29%), and 1940-1969 (2.17%).

Suwanee home appreciation rates

Real estate appreciation rates in Suwanee have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.84% during the period.

NeighborhoodScout's data show that during the latest twelve months, Suwanee home appreciation rates, at 2.21%, have been at or slightly above the national average. In the latest quarter, Suwanee's appreciation rate has been -0.15%, which annualizes to a rate of -0.60%.

Relative to Georgia, our data show that Suwanee's latest annual appreciation rate is higher than 33% of the other cities and towns in Georgia.