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 about Scout's Real Estate Data
With 127,358 people, 51,613 houses or apartments, and a median cost of homes of $297,993, 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 46.68% of the city's housing units. Other types of housing that are prevalent in Athens include large apartment complexes or high rise apartments ( 28.86%), duplexes, homes converted to apartments or other small apartment buildings ( 13.19%), and a few row houses and other attached homes ( 6.27%).
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 37.00% owning and 63.00% 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 ( 23.36%). 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 ( 5.14%).
In the last 10 years, Athens has experienced some of the highest home appreciation rates of any community in the nation. Athens real estate appreciated 127.37% over the last ten years, which is an average annual home appreciation rate of 8.56%, putting Athens in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Athens 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 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 12.66%, which is higher than appreciation rates in 90.84% 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 -1.12%, which equates to an annual appreciation rate of -4.41%.
Relative to Georgia, our data show that Athens's latest annual appreciation rate is higher than 80% 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.
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