Georgiana, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Georgiana Neighborhoods Since 2000




Georgiana, AL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Georgiana Housing Market Information

With a population of 1,667, 679 total housing units (homes and apartments), and a median house value of $72,437, house prices in Georgiana are some of the most affordable in Alabama as well as the nation.

Single-family detached homes are the single most common housing type in Georgiana, accounting for 53.19% of the town's housing units. Other types of housing that are prevalent in Georgiana include mobile homes or trailers ( 23.96%), duplexes, homes converted to apartments or other small apartment buildings ( 20.02%), and a few large apartment complexes or high rise apartments ( 1.97%).

The most prevalent building size and type in Georgiana are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 52.16% owning and 47.84% renting.

There is a lot of housing in Georgiana 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 Georgiana built between 1940-1969 ( 26.78%). A lesser amount of the housing stock also hails from before 1939 ( 10.32%). There's also some housing in Georgiana built between 2000 and later ( 6.76%).

Vacant housing appears to be an issue in Georgiana. Fully 16.58% of the housing stock is classified as vacant. Left unchecked, vacant Georgiana homes and apartments can be a drag on the real estate market, holding Georgiana 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.

Georgiana Home Appreciation Rates

In the last 10 years, Georgiana has experienced some of the highest home appreciation rates of any community in the nation. Georgiana real estate appreciated 24.35% over the last ten years, which is an average annual home appreciation rate of 2.20%, putting Georgiana in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Georgiana definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Georgiana's appreciation rate, at 5.11%, has been at or slightly above the national average. In the latest quarter, Georgiana's appreciation rate has been 0.55%, which annualizes to a rate of 2.22%.

Relative to Alabama, our data show that Georgiana's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$72,437

Georgiana, AL HOME PRICES

Value Range
> $1,093,000 0.4
$819,001 - $1,093,000 1.4
$546,001 - $819,000 1.3
$437,001 - $546,000 0.9
$328,001 - $437,000 2.4
$218,001 - $328,000 3.6
$109,001 - $218,000 15.3
$54,001 - $109,000 47.4
$0 - $54,000 27.2

Very Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
94.2517285831478 85.0

Number Of Homes And Apartments:
679

Georgiana Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
64.31% 2.92% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$613 / per month

Homeownership Rate

Homeownership
Owners 52.16
Renters 47.84
Vacant 16.58

Housing Market Details

 

Age of Homes

AGE OF Georgiana HOMES
2000 or Newer 6.8
1970 - 1999 56.1
1940 - 1969 26.8
1939 or Older 10.3

Types of Homes

TYPE OF Georgiana HOMES
Single-Family 53.2
Townhomes 0.9
Small Apt. Buildings 20.0
Apt. Complexes 2.0
Mobile Homes 24.0
Other 0.0

Home Size

SIZE OF Georgiana HOMES
No Bedroom 0.00
1 Bedroom 4.05
2 Bedrooms 24.32
3 Bedrooms 60.69
4 Bedrooms 9.58
5 or more bedrooms 1.35

Popular Neighborhoods in Georgiana

Popular Communities Near Georgiana, AL

Zip Codes in Georgiana, AL