Athens, GA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Athens, GA Housing Market Trends

With 126,913 people, 48,300 houses or apartments, and a median cost of homes of $223,049, Athens real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Athens, accounting for 46.24% of the city's housing units. Other types of housing that are prevalent in Athens include large apartment complexes or high rise apartments ( 27.87%), duplexes, homes converted to apartments or other small apartment buildings ( 13.94%), and a few row houses and other attached homes ( 7.14%).

The most prevalent building size and type in Athens are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 35.08% owning and 64.92% renting.

There is a lot of housing in Athens 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 Athens built between 2000 and later ( 21.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.26%). There's also some housing in Athens built before 1939 ( 4.82%).

Athens Home Appreciation Rates

Appreciation rates for homes in Athens have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 50.15%, which ranks in the top 30% nationwide. This equates to an annual average Athens house appreciation rate of 4.15%.

Appreciation rates are so strong in Athens that despite a nationwide downturn in the housing market, Athens real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Athens appreciation rates continue to be some of the highest in America, at 7.55%, which is higher than appreciation rates in 92.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Athens. Athens appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.19%.

Relative to Georgia, our data show that Athens's latest annual appreciation rate is higher than 90% 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 Athens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Athens - 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 Athens real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$223,049

Athens, GA HOME PRICES

> $1,286,000
0.7%
0.7%
$965,001 - $1,286,000
1.2%
1.2%
$643,001 - $965,000
5.2%
5.2%
$515,001 - $643,000
4.0%
4.0%
$386,001 - $515,000
8.1%
8.1%
$257,001 - $386,000
18.4%
18.4%
$129,001 - $257,000
39.8%
39.8%
$64,001 - $129,000
15.3%
15.3%
$0 - $64,000
7.1%
7.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for GA

Value Relative To Nation

Number Of Homes And Apartments:
48,300

Athens Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
76.53% 2.74%
9
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$990 / per month

Homeownership Rate

Owners
35.1%
35.1%
Renters
64.9%
64.9%
Vacant
7.7%
7.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.5%
21.5%
1970 - 1999
52.4%
52.4%
1940 - 1969
21.3%
21.3%
1939 or Older
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
46.2%
46.2%
Townhomes
7.1%
7.1%
Small Apt. Buildings
13.9%
13.9%
Apt. Complexes
27.9%
27.9%
Mobile Homes
4.7%
4.7%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.6%
2.6%
1 Bedroom
12.0%
12.0%
2 Bedrooms
32.1%
32.1%
3 Bedrooms
34.5%
34.5%
4 Bedrooms
15.4%
15.4%
5 or more bedrooms
3.4%
3.4%
0.0% 100.0%
% OF HOMES