Bainbridge GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Bainbridge, 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 Q2 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

Bainbridge Housing Market Information

With 12,058 people, 4,436 houses or apartments, and a median cost of homes of $106,194, house prices in Bainbridge are solidly below the national average.

Mobile homes or trailers are the single most common housing type in Bainbridge, accounting for 0.00% of the city's housing units.

The most prevalent building size and type in Bainbridge are three and four bedroom dwellings, chiefly found in mobile homes or trailers. The city has a mixture of owners and renters, with 41.83% owning and 58.17% 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 ( 22.83%). A lesser amount of the housing stock also hails from before 1939 ( 13.80%). There's also some housing in Bainbridge built between 2000 and later ( 12.96%).

Vacant housing appears to be an issue in Bainbridge. Fully 15.55% 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.

Bainbridge Home Appreciation Rates

Bainbridge's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bainbridge during the period has been just 0.97%, which is lower than 80% of US communities.

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 8.88%, which is higher than appreciation rates in 96.95% 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 0.76%, which equates to an annual appreciation rate of 3.07%.

Relative to Georgia, our data show that Bainbridge's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$106,194

Bainbridge, GA HOME PRICES

Value Range
> $1,117,000 1.1
$838,001 - $1,117,000 0.0
$559,001 - $838,000 1.7
$447,001 - $559,000 1.4
$335,001 - $447,000 5.3
$223,001 - $335,000 13.3
$112,001 - $223,000 34.7
$56,001 - $112,000 28.4
$0 - $56,000 14.1

Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
82.7503649635037 73.8396624472574

Number Of Homes And Apartments:
4,436

Bainbridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
47.97% 1.93%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$901 / per month

Homeownership Rate

Homeownership
Owners 41.83
Renters 58.17
Vacant 15.55

Housing Market Details

 

Age of Homes

AGE OF Bainbridge HOMES
2000 or Newer 13.0
1970 - 1999 50.4
1940 - 1969 22.8
1939 or Older 13.8

Types of Homes

TYPE OF Bainbridge 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 Bainbridge HOMES
No Bedroom 17.84
1 Bedroom 2.82
2 Bedrooms 14.18
3 Bedrooms 47.76
4 Bedrooms 15.76
5 or more bedrooms 1.64

Zip Codes in Bainbridge, GA