Augusta, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Augusta, GA Real Estate Data


Augusta Housing Market Information

With 197,182 people, 70,256 houses or apartments, and a median cost of homes of $116,470, house prices in Augusta are solidly below the national average.

Single-family detached homes are the single most common housing type in Augusta, accounting for 61.97% of the city's housing units. Other types of housing that are prevalent in Augusta include large apartment complexes or high rise apartments ( 17.76%), duplexes, homes converted to apartments or other small apartment buildings ( 8.49%), and a few mobile homes or trailers ( 7.32%).

The most prevalent building size and type in Augusta are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.35% owning and 49.65% 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 ( 31.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.38%). There's also some housing in Augusta built before 1939 ( 7.17%).

Vacant housing appears to be an issue in Augusta. Fully 17.27% 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 -0.76%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Augusta's appreciation rate, at 4.84%, has been at or slightly above the national average. In the latest quarter, Augusta's appreciation rate has been 3.10%, which annualizes to a rate of 12.99%.

Importantly, this makes Augusta 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 Augusta's latest annual appreciation rate is lower than 60% 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:
$116,470

Augusta, GA HOME PRICES

Value Range
> $1,054,000 0.4
$790,001 - $1,054,000 0.2
$527,001 - $790,000 0.7
$421,001 - $527,000 0.9
$316,001 - $421,000 2.5
$211,001 - $316,000 6.2
$105,001 - $211,000 36.2
$53,001 - $105,000 37.6
$0 - $53,000 15.3

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
68.407799964865 55.8139534883721

Number Of Homes And Apartments:
70,256

Rent & Ownership

 

Average Market Rent:
$975 / per month

Homeownership Rate

Homeownership
Owners 50.35
Renters 49.65
Vacant 17.27

Housing Market Details

 

Age of Homes

AGE OF Augusta HOMES
2000 or Newer 14.4
1970 - 1999 47.4
1940 - 1969 31.0
1939 or Older 7.2

Types of Homes

TYPE OF Augusta HOMES
Single-Family 62.0
Townhomes 4.4
Small Apt. Buildings 8.5
Apt. Complexes 17.8
Mobile Homes 7.3
Other 0.0

Home Size

SIZE OF Augusta HOMES
No Bedroom 1.27
1 Bedroom 8.92
2 Bedrooms 29.46
3 Bedrooms 43.27
4 Bedrooms 14.69
5 or more bedrooms 2.40

Augusta 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
16.06% 0.88% 4 2
* 10 is highest