Bainbridge, GA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bainbridge, GA Housing Market Trends

With a population of 12,081, 4,471 total housing units (homes and apartments), and a median house value of $138,703, 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 71.15% 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 ( 18.10%), large apartment complexes or high rise apartments ( 6.57%), and a few mobile homes or trailers ( 3.51%).

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 40.38% owning and 59.62% 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 ( 23.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.99%). There's also some housing in Bainbridge built before 1939 ( 14.35%).

Vacant housing appears to be an issue in Bainbridge. Fully 16.57% 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 1.22%, 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 7.87%, which is higher than appreciation rates in 95.20% 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 3.55%, which equates to an annual appreciation rate of 14.96%.

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 higher than 90% of the other cities and towns in Georgia.

Average Home Values

 
info

Median Home Value:
$138,703

Bainbridge, GA HOME PRICES

> $1,321,000
1.0%
1.0%
$991,001 - $1,321,000
0.0%
0.0%
$660,001 - $991,000
1.0%
1.0%
$528,001 - $660,000
2.4%
2.4%
$396,001 - $528,000
5.6%
5.6%
$264,001 - $396,000
16.3%
16.3%
$132,001 - $264,000
29.6%
29.6%
$66,001 - $132,000
29.7%
29.7%
$0 - $66,000
14.3%
14.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for GA

Value Relative To Nation

Number Of Homes And Apartments:
4,471

Bainbridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
50.35% 1.96%
5
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$865 / per month

Homeownership Rate

Owners
40.4%
40.4%
Renters
59.6%
59.6%
Vacant
16.6%
16.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
16.0%
16.0%
1970 - 1999
46.1%
46.1%
1940 - 1969
23.6%
23.6%
1939 or Older
14.3%
14.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.2%
71.2%
Townhomes
0.7%
0.7%
Small Apt. Buildings
18.1%
18.1%
Apt. Complexes
6.6%
6.6%
Mobile Homes
3.5%
3.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
17.5%
17.5%
1 Bedroom
3.5%
3.5%
2 Bedrooms
13.0%
13.0%
3 Bedrooms
48.0%
48.0%
4 Bedrooms
16.2%
16.2%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Zip Codes in Bainbridge, GA