Adel, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Adel, GA Real Estate Data


Adel Housing Market Information

With 5,316 people, 1,872 houses or apartments, and a median cost of homes of $97,335, house prices in Adel are solidly below the national average.

Single-family detached homes are the single most common housing type in Adel, accounting for 72.93% of the city's housing units. Other types of housing that are prevalent in Adel include mobile homes or trailers ( 11.93%), duplexes, homes converted to apartments or other small apartment buildings ( 7.92%), and a few large apartment complexes or high rise apartments ( 4.93%).

The most prevalent building size and type in Adel are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.23% owning and 41.77% renting.

There is a lot of housing in Adel 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 Adel built between 1940-1969 ( 30.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.63%). There's also some housing in Adel built before 1939 ( 4.58%).

Vacant housing appears to be an issue in Adel. Fully 17.61% of the housing stock is classified as vacant. Left unchecked, vacant Adel homes and apartments can be a drag on the real estate market, holding Adel 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.

Adel Home Appreciation Rates

Adel's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Adel during the period has been just -1.15%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Adel's appreciation rate, at 4.59%, has been at or slightly above the national average. In the latest quarter, Adel's appreciation rate has been 1.23%, which annualizes to a rate of 5.00%.

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

Average Home Values

 

Median Home Value:
$97,335

Adel, GA HOME PRICES

Value Range
> $1,086,000 0.3
$814,001 - $1,086,000 0.1
$543,001 - $814,000 0.9
$435,001 - $543,000 0.6
$326,001 - $435,000 0.6
$217,001 - $326,000 10.2
$109,001 - $217,000 28.7
$54,001 - $109,000 27.7
$0 - $54,000 30.9

Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
80.4883761784857 69.1331923890063

Number Of Homes And Apartments:
1,872

Rent & Ownership

 

Average Market Rent:
$837 / per month

Homeownership Rate

Homeownership
Owners 58.23
Renters 41.77
Vacant 17.61

Housing Market Details

 

Age of Homes

AGE OF Adel HOMES
2000 or Newer 19.6
1970 - 1999 45.2
1940 - 1969 30.5
1939 or Older 4.6

Types of Homes

TYPE OF Adel HOMES
Single-Family 72.9
Townhomes 2.3
Small Apt. Buildings 7.9
Apt. Complexes 4.9
Mobile Homes 11.9
Other 0.0

Home Size

SIZE OF Adel HOMES
No Bedroom 0.00
1 Bedroom 2.64
2 Bedrooms 26.01
3 Bedrooms 51.58
4 Bedrooms 18.49
5 or more bedrooms 1.28

Adel Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
15.03% 0.83% 4 2
* 10 is highest

Popular Neighborhoods in Adel

Zip Codes in Adel, GA