Georgiana, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Georgiana Neighborhoods Since 2000




Georgiana, AL Real Estate Data


Georgiana Housing Market Information

With 1,667 people, 679 houses or apartments, and a median cost of homes of $72,231, 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 27.76% over the last ten years, which is an average annual home appreciation rate of 2.48%, putting Georgiana in the top 10% 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.

Appreciation rates are so strong in Georgiana that despite a nationwide downturn in the housing market, Georgiana real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Georgiana appreciation rates continue to be some of the highest in America, at 5.93%, which is higher than appreciation rates in 72.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Georgiana. Georgiana appreciation rates in the latest quarter were at 0.39%, which equates to an annual appreciation rate of 1.57%.

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:
$72,231

Georgiana, AL HOME PRICES

Value Range
> $1,089,000 0.0
$818,001 - $1,089,000 1.4
$545,001 - $818,000 1.3
$436,001 - $545,000 0.9
$327,001 - $436,000 2.4
$218,001 - $327,000 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
94.2400093753662 85.75

Number Of Homes And Apartments:
679

Rent & Ownership

 

Average Market Rent:
$593 / 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

Georgiana Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
65.42% 2.96% 10 8
* 10 is highest

Popular Neighborhoods in Georgiana

Popular Communities Near Georgiana, AL

Zip Codes in Georgiana, AL