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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 1,667, 679 total housing units (homes and apartments), and a median house value of $72,041, 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.
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 21.45% over the last ten years, which is an average annual home appreciation rate of 1.96%, 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.
Over the last year, Georgiana appreciation rates have trailed the rest of the nation. In the last twelve months, Georgiana's appreciation rate has been 2.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Georgiana were at -0.55%, which equates to an annual appreciation rate of -2.17%.
Notably, Georgiana's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Georgiana's latest annual appreciation rate is higher than 50% of the other cities and towns in Alabama.
|$815,001 - $1,087,000||1.4|
|$543,001 - $815,000||1.3|
|$434,001 - $543,000||0.9|
|$326,001 - $434,000||2.4|
|$217,001 - $326,000||3.6|
|$108,001 - $217,000||15.3|
|$54,001 - $108,000||47.4|
|$0 - $54,000||27.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Georgiana HOMES|
|2000 or Newer||6.8|
|1970 - 1999||56.1|
|1940 - 1969||26.8|
|1939 or Older||10.3|
|TYPE OF Georgiana HOMES|
|Small Apt. Buildings||20.0|
|SIZE OF Georgiana HOMES|
|5 or more bedrooms||1.35|