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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 Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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 14,468, 4,580 total housing units (homes and apartments), and a median house value of $190,266, 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 70.93% 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 ( 17.39%), large apartment complexes or high rise apartments ( 8.11%), and a few mobile homes or trailers ( 2.99%).

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 45.08% owning and 54.92% 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 2000 and later ( 21.05%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.49%). There's also some housing in Bainbridge built before 1939 ( 10.26%).

Vacant housing appears to be an issue in Bainbridge. Fully 19.80% 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

Real estate appreciation rates in Bainbridge's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.11% during the period.

NeighborhoodScout's data show that during the latest twelve months, Bainbridge's appreciation rate, at 16.53%, has been at or slightly above the national average. In the latest quarter, Bainbridge's appreciation rate has been 4.12%, which annualizes to a rate of 17.54%.

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 80% 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 Bainbridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bainbridge - 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 Bainbridge real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$190,266

Bainbridge, GA HOME PRICES

> $1,396,000
$1,047,001 - $1,396,000
$698,001 - $1,047,000
$559,001 - $698,000
$419,001 - $559,000
$279,001 - $419,000
$140,001 - $279,000
$70,001 - $140,000
$0 - $70,000
0.8%
0.8%
0.9%
0.9%
1.5%
1.5%
2.1%
2.1%
7.8%
7.8%
16.0%
16.0%
27.9%
27.9%
30.4%
30.4%
12.6%
12.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for GA

Value Relative To Nation

Number Of Homes And Apartments:
4,580

Bainbridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
84.68% 2.80%
4
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,058 / per month

Homeownership Rate

Owners
Renters
Vacant
45.1%
45.1%
54.9%
54.9%
19.8%
19.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.0%
21.0%
48.2%
48.2%
20.5%
20.5%
10.3%
10.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.9%
70.9%
0.6%
0.6%
17.4%
17.4%
8.1%
8.1%
3.0%
3.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
17.1%
17.1%
3.6%
3.6%
14.5%
14.5%
46.2%
46.2%
16.2%
16.2%
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Zip Codes in Bainbridge, GA