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 Q1 2020. 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 a population of 196,939, 70,390 total housing units (homes and apartments), and a median house value of $129,347, 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

Real estate appreciation rates in Augusta's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.71% during the period.

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 14.26%, which is higher than appreciation rates in 98.73% 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 4.57%, which equates to an annual appreciation rate of 19.55%.

Importantly, NeighborhoodScout’s exclusive research found that Augusta's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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 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.

Average Home Values

 

Median Home Value:
$129,347

Augusta, GA HOME PRICES

Value Range
> $1,258,000 0.3
$944,001 - $1,258,000 0.4
$629,001 - $944,000 1.1
$503,001 - $629,000 0.9
$378,001 - $503,000 2.0
$252,001 - $378,000 7.0
$126,001 - $252,000 35.8
$63,001 - $126,000 38.4
$0 - $63,000 14.1

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
70.5226277372263 59.704641350211

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 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
46.30% 1.90%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,259 / 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