Austell, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Austell Neighborhoods Since 2000




Austell, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Austell Housing Market Information

With a population of 7,107, 2,367 total housing units (homes and apartments), and a median house value of $133,450, house prices in Austell are solidly below the national average.

Single-family detached homes are the single most common housing type in Austell, accounting for 81.26% of the city's housing units. Other types of housing that are prevalent in Austell include duplexes, homes converted to apartments or other small apartment buildings ( 12.24%), large apartment complexes or high rise apartments ( 3.71%), and a few mobile homes or trailers ( 1.72%).

The most prevalent building size and type in Austell are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.71% owning and 39.29% renting.

Austell homes and real estate are some of the newest in America. 37.06% of Austell's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Austell real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.72%), and between 1940-1969 ( 22.03%). There's also some housing in Austell built before 1939 ( 5.20%).

Austell Home Appreciation Rates

Austell's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Austell during the period has been just -1.67%, which is lower than 80% of US communities.

Appreciation rates are so strong in Austell that despite a nationwide downturn in the housing market, Austell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Austell appreciation rates continue to be some of the highest in America, at 6.81%, which is higher than appreciation rates in 80.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Austell. Austell appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Austell's latest annual appreciation rate is higher than 70% 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 Austell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Austell - 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 Austell real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$133,450

Austell, GA HOME PRICES

Value Range
> $1,246,000 0.1
$934,001 - $1,246,000 0.0
$623,001 - $934,000 0.0
$498,001 - $623,000 0.9
$374,001 - $498,000 0.3
$249,001 - $374,000 4.8
$124,001 - $249,000 48.8
$62,001 - $124,000 36.1
$0 - $62,000 9.0

Average for GA
Average for Nation

Value Relative to Nation Value Relative to State
57.9807804992383 43.5517970401691

Number Of Homes And Apartments:
2,367

Austell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
7.11% 0.40% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,172 / per month

Homeownership Rate

Homeownership
Owners 60.71
Renters 39.29
Vacant 9.48

Housing Market Details

 

Age of Homes

AGE OF Austell HOMES
2000 or Newer 37.1
1970 - 1999 35.7
1940 - 1969 22.0
1939 or Older 5.2

Types of Homes

TYPE OF Austell HOMES
Single-Family 81.3
Townhomes 1.1
Small Apt. Buildings 12.2
Apt. Complexes 3.7
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Austell HOMES
No Bedroom 0.38
1 Bedroom 6.23
2 Bedrooms 20.11
3 Bedrooms 39.20
4 Bedrooms 24.63
5 or more bedrooms 9.45