Watkinsville appreciation rates and housing market information

Watkinsville housing market information

With 2,106 people, 879 houses or apartments, and a median cost of homes of $199,200, Watkinsville real estate is some of the most expensive in Georgia, although Watkinsville home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Watkinsville, accounting for 83.84% of the town's housing units. Other types of housing that are prevalent in Watkinsville include duplexes, homes converted to apartments, or other small apartment buildings (10.24%), mobile homes or trailers (3.98%), and a few row houses and other attached homes (1.48%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Watkinsville. Owner-occupied housing accounts for 68.60% of Watkinsville's homes, and 70.99% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Watkinsville 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 Watkinsville built from 1940-1969 (22.53%). A lesser amount of the housing stock also hails from 1995 and later (16.04%), and some were built from 1939 and earlier (16.04%).

Watkinsville home appreciation rates

Appreciation rates for homes in Watkinsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.34%, which ranks in the top 40% nationwide. This equates to an annual average Watkinsville house appreciation rate of 9.13%.

Appreciation rates are so strong in Watkinsville that despite a nationwide downturn in the housing market, Watkinsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Watkinsville appreciation rates continue to be some of the highest in America, at 7.42%, which is higher than appreciation rates in 93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Watkinsville. Watkinsville appreciation rates in the latest quarter were at 1.72%, which equates to an annual appreciation rate of 6.88%.

Importantly, this makes Watkinsville 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 Watkinsville's latest annual appreciation rate is higher than 89% of the other cities and towns in Georgia.