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 3,139 people, 1,397 houses or apartments, and a median cost of homes of $289,832, Avondale Estates real estate is some of the most expensive in Georgia, although Avondale Estates home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Avondale Estates, accounting for 72.22% of the city's housing units. Other types of housing that are prevalent in Avondale Estates include row houses and other attached homes ( 15.07%), large apartment complexes or high rise apartments ( 8.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.01%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Avondale Estates. Owner-occupied housing accounts for 87.44% of Avondale Estates's homes, and 61.41% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Avondale Estates's housing was primarily built during this period, from the '40s through the '60s. A full 56.64% of the city's housing hails from this era. Other housing ages represented in Avondale Estates include homes built between 1970-1999 ( 25.87%) and housing constructed before 1939 ( 9.47%). There's also some housing in Avondale Estates built between 2000 and later ( 8.01%).
Vacant housing appears to be an issue in Avondale Estates. Fully 11.19% of the housing stock is classified as vacant. Left unchecked, vacant Avondale Estates homes and apartments can be a drag on the real estate market, holding Avondale Estates 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.
Appreciation rates for homes in Avondale Estates have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.94%, which ranks in the top 50% nationwide. This equates to an annual average Avondale Estates house appreciation rate of 0.39%.
Appreciation rates are so strong in Avondale Estates that despite a nationwide downturn in the housing market, Avondale Estates real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Avondale Estates appreciation rates continue to be some of the highest in America, at 6.44%, which is higher than appreciation rates in 77.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Avondale Estates. Avondale Estates 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 Avondale Estates's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.
|$942,001 - $1,256,000||0.8|
|$628,001 - $942,000||7.3|
|$502,001 - $628,000||6.8|
|$376,001 - $502,000||17.7|
|$251,001 - $376,000||30.4|
|$126,001 - $251,000||21.3|
|$63,001 - $126,000||14.3|
|$0 - $63,000||1.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Avondale Estates HOMES|
|2000 or Newer||8.0|
|1970 - 1999||25.9|
|1940 - 1969||56.6|
|1939 or Older||9.5|
|TYPE OF Avondale Estates HOMES|
|Small Apt. Buildings||4.0|
|SIZE OF Avondale Estates HOMES|
|5 or more bedrooms||5.85|