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
With 196,939 people, 70,390 houses or apartments, and a median cost of homes of $128,737, house prices in Augusta are solidly below the national average.
Mobile homes or trailers are the single most common housing type in Augusta, accounting for 0.00% of the city's housing units.
The most prevalent building size and type in Augusta are three and four bedroom dwellings, chiefly found in mobile homes or trailers. The city has a mixture of owners and renters, with 50.01% owning and 49.99% renting.
There is a lot of housing in Augusta 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 Augusta built between 1940-1969 ( 30.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.61%). There's also some housing in Augusta built before 1939 ( 7.22%).
Vacant housing appears to be an issue in Augusta. Fully 18.31% of the housing stock is classified as vacant. Left unchecked, vacant Augusta homes and apartments can be a drag on the real estate market, holding Augusta 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.
Augusta's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Augusta during the period has been just 1.78%, which is lower than 70% of US communities.
Appreciation rates are so strong in Augusta that despite a nationwide downturn in the housing market, Augusta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Augusta appreciation rates continue to be some of the highest in America, at 9.36%, which is higher than appreciation rates in 97.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Augusta. Augusta appreciation rates in the latest quarter were at -0.11%, which equates to an annual appreciation rate of -0.43%.
Notably, Augusta's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Georgia, our data show that Augusta'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 Augusta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Augusta - 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 Augusta real estate investment or home purchase decisions.
|$939,001 - $1,252,000||0.4|
|$626,001 - $939,000||1.1|
|$501,001 - $626,000||0.9|
|$376,001 - $501,000||2.0|
|$251,001 - $376,000||7.0|
|$125,001 - $251,000||35.8|
|$62,001 - $125,000||38.4|
|$0 - $62,000||14.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Augusta HOMES|
|2000 or Newer||15.6|
|1970 - 1999||46.5|
|1940 - 1969||30.6|
|1939 or Older||7.2|
|TYPE OF Augusta HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Augusta HOMES|
|5 or more bedrooms||2.77|