Auburn, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Auburn Neighborhoods Since 2000




Auburn, GA Real Estate Data


Auburn Housing Market Information

With 7,524 people, 2,474 houses or apartments, and a median cost of homes of $159,444, Auburn real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Auburn, accounting for 82.48% of the city's housing units. Other types of housing that are prevalent in Auburn include mobile homes or trailers ( 12.03%), duplexes, homes converted to apartments or other small apartment buildings ( 2.52%), and a few row houses and other attached homes ( 1.64%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Auburn. Owner-occupied housing accounts for 77.49% of Auburn's homes, and 82.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Auburn 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 Auburn built between 2000 and later ( 8.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.96%). There's also some housing in Auburn built before 1939 ( 1.57%).

Vacant housing appears to be an issue in Auburn. Fully 13.50% of the housing stock is classified as vacant. Left unchecked, vacant Auburn homes and apartments can be a drag on the real estate market, holding Auburn 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.

Auburn Home Appreciation Rates

Auburn's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Auburn during the period has been just -0.69%, which is lower than 70% of US communities.

Appreciation rates are so strong in Auburn that despite a nationwide downturn in the housing market, Auburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Auburn appreciation rates continue to be some of the highest in America, at 9.12%, which is higher than appreciation rates in 95.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Auburn. Auburn appreciation rates in the latest quarter were at 2.99%, which equates to an annual appreciation rate of 12.51%.

Importantly, this makes Auburn one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Auburn'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 Auburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Auburn - 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 Auburn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$159,444

Auburn, GA HOME PRICES

Value Range
> $1,386,000 0.0
$1,040,001 - $1,386,000 0.0
$693,001 - $1,040,000 0.5
$554,001 - $693,000 0.8
$416,001 - $554,000 1.8
$277,001 - $416,000 4.8
$139,001 - $277,000 55.3
$70,001 - $139,000 31.2
$0 - $70,000 5.6

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
46.9286174386602 28.5412262156448

Number Of Homes And Apartments:
2,474

Rent & Ownership

 

Average Market Rent:
$1,082 / per month

Homeownership Rate

Homeownership
Owners 77.49
Renters 22.51
Vacant 13.50

Housing Market Details

 

Age of Homes

AGE OF Auburn HOMES
2000 or Newer 8.4
1970 - 1999 83.1
1940 - 1969 7.0
1939 or Older 1.6

Types of Homes

TYPE OF Auburn HOMES
Single-Family 82.5
Townhomes 1.6
Small Apt. Buildings 2.5
Apt. Complexes 1.3
Mobile Homes 12.0
Other 0.0

Home Size

SIZE OF Auburn HOMES
No Bedroom 1.36
1 Bedroom 2.87
2 Bedrooms 10.59
3 Bedrooms 73.67
4 Bedrooms 8.50
5 or more bedrooms 3.01

Auburn 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
11.16% 0.62% 3 1
* 10 is highest