Thunderbolt appreciation rates and housing market information

Thunderbolt housing market information

With 2,360 people, 1,139 houses or apartments, and a median cost of homes of $166,500, Thunderbolt real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Thunderbolt, accounting for 59.35% of the town's housing units. Other types of housing that are prevalent in Thunderbolt include large apartment complexes or high rise apartments (17.03%), mobile homes or trailers (12.82%), row houses and other attached homes (5.79%), and a few duplexes, homes converted to apartments, or other small apartment buildings (5.00%).

People in Thunderbolt primarily live in small (one, two, or no bedroom) single-family detached homes. Thunderbolt has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Thunderbolt 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 Thunderbolt built from 1940-1969 (40.82%). A lesser amount of the housing stock also hails from 1939 and earlier (10.63%), and some were built from 1995 and later (10.63%).

Thunderbolt home appreciation rates

Appreciation rates for homes in Thunderbolt have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.14%, which ranks in the top 30% nationwide. This equates to an annual average Thunderbolt house appreciation rate of 10.01%.

NeighborhoodScout's data show that during the latest twelve months, Thunderbolt home appreciation rates, at 1.55%, have been at or slightly above the national average. In the latest quarter, Thunderbolt's appreciation rate has been 1.12%, which annualizes to a rate of 4.48%.

Importantly, this makes Thunderbolt 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 Thunderbolt's latest annual appreciation rate is higher than 24% of the other cities and towns in Georgia.