Augusta GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Augusta, GA Real Estate Data

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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Augusta Housing Market Information

With 196,939 people, 70,390 houses or apartments, and a median cost of homes of $118,753, 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 Home Appreciation Rates

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 0.69%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Augusta's appreciation rate, at 4.39%, has been at or slightly above the national average. In the latest quarter, Augusta's appreciation rate has been 0.38%, which annualizes to a rate of 1.53%.

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 lower 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.

Average Home Values

 

Median Home Value:
$118,753

Augusta, GA HOME PRICES

Value Range
> $1,165,000 0.3
$874,001 - $1,165,000 0.4
$582,001 - $874,000 1.1
$466,001 - $582,000 0.9
$350,001 - $466,000 2.0
$233,001 - $350,000 7.0
$117,001 - $233,000 35.8
$58,001 - $117,000 38.4
$0 - $58,000 14.1

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
74.8671532846715 64.3459915611814

Number Of Homes And Apartments:
70,390

Augusta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
32.32% 1.41%
4
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,263 / per month

Homeownership Rate

Homeownership
Owners 50.01
Renters 49.99
Vacant 18.31

Housing Market Details

 

Age of Homes

AGE OF Augusta HOMES
2000 or Newer 15.6
1970 - 1999 46.5
1940 - 1969 30.6
1939 or Older 7.2

Types of Homes

TYPE OF Augusta HOMES
Single-Family 0.0
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Augusta HOMES
No Bedroom 1.29
1 Bedroom 9.61
2 Bedrooms 28.45
3 Bedrooms 42.66
4 Bedrooms 15.22
5 or more bedrooms 2.77