Acworth, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Acworth, GA 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

Acworth Housing Market Information

With a population of 22,131, 8,162 total housing units (homes and apartments), and a median house value of $221,768, Acworth real estate is some of the most expensive in Georgia, although Acworth home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Acworth, accounting for 74.77% of the city's housing units. Other types of housing that are prevalent in Acworth include large apartment complexes or high rise apartments ( 13.68%), row houses and other attached homes ( 7.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.61%).

The most prevalent building size and type in Acworth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.92% owning and 36.08% renting.

There is a lot of housing in Acworth 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 Acworth built between 2000 and later ( 31.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.73%). There's also some housing in Acworth built before 1939 ( 3.99%).

Acworth Home Appreciation Rates

Real estate appreciation rates in Acworth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.55% during the period.

Appreciation rates are so strong in Acworth that despite a nationwide downturn in the housing market, Acworth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Acworth appreciation rates continue to be some of the highest in America, at 5.89%, which is higher than appreciation rates in 73.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Acworth. Acworth appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Acworth's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Acworth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Acworth - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Acworth real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$221,768

Acworth, GA HOME PRICES

Value Range
> $1,249,000 0.2
$937,001 - $1,249,000 0.0
$625,001 - $937,000 0.5
$500,001 - $625,000 0.3
$375,001 - $500,000 2.5
$250,001 - $375,000 17.4
$125,001 - $250,000 64.5
$62,001 - $125,000 10.4
$0 - $62,000 4.1

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
27.352630962147 10.5708245243129

Number Of Homes And Apartments:
8,162

Acworth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
17.73% 0.95% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,252 / per month

Homeownership Rate

Homeownership
Owners 63.92
Renters 36.08
Vacant 9.45

Housing Market Details

 

Age of Homes

AGE OF Acworth HOMES
2000 or Newer 31.7
1970 - 1999 56.6
1940 - 1969 7.7
1939 or Older 4.0

Types of Homes

TYPE OF Acworth HOMES
Single-Family 74.8
Townhomes 7.2
Small Apt. Buildings 3.6
Apt. Complexes 13.7
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Acworth HOMES
No Bedroom 2.30
1 Bedroom 5.40
2 Bedrooms 21.58
3 Bedrooms 43.04
4 Bedrooms 23.96
5 or more bedrooms 3.72