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 a population of 12,058, 4,745 total housing units (homes and apartments), and a median house value of $106,412, house prices in Bainbridge are solidly below the national average.
Single-family detached homes are the single most common housing type in Bainbridge, accounting for 65.55% of the city's housing units. Other types of housing that are prevalent in Bainbridge include duplexes, homes converted to apartments or other small apartment buildings ( 20.06%), large apartment complexes or high rise apartments ( 9.83%), and a few mobile homes or trailers ( 2.91%).
The most prevalent building size and type in Bainbridge are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.64% owning and 58.36% renting.
There is a lot of housing in Bainbridge 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 Bainbridge built between 1940-1969 ( 25.29%). A lesser amount of the housing stock also hails from before 1939 ( 13.30%). There's also some housing in Bainbridge built between 2000 and later ( 12.74%).
Vacant housing appears to be an issue in Bainbridge. Fully 12.02% of the housing stock is classified as vacant. Left unchecked, vacant Bainbridge homes and apartments can be a drag on the real estate market, holding Bainbridge 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.
Homes have actually lost value in Bainbridge over the last then years, as home values have seen a decline of 3.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bainbridge home appreciation rates at 2.88%, which equates to an annual appreciation rate of 12.03%.
Appreciation rates are so strong in Bainbridge that despite a nationwide downturn in the housing market, Bainbridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bainbridge appreciation rates continue to be some of the highest in America, at 5.65%, which is higher than appreciation rates in 79.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bainbridge. Bainbridge appreciation rates in the latest quarter were at 2.88%, which equates to an annual appreciation rate of 12.03%.
Importantly, this makes Bainbridge 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 Bainbridge's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.
|$819,001 - $1,092,000||0.3|
|$546,001 - $819,000||1.6|
|$437,001 - $546,000||0.9|
|$327,001 - $437,000||5.4|
|$218,001 - $327,000||13.4|
|$109,001 - $218,000||37.2|
|$54,001 - $109,000||24.2|
|$0 - $54,000||15.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Bainbridge HOMES|
|2000 or Newer||12.7|
|1970 - 1999||48.7|
|1940 - 1969||25.3|
|1939 or Older||13.3|
|TYPE OF Bainbridge HOMES|
|Small Apt. Buildings||20.1|
|SIZE OF Bainbridge HOMES|
|5 or more bedrooms||1.39|