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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bainbridge Housing Market Information

With a population of 12,111, 4,745 total housing units (homes and apartments), and a median house value of $104,330, 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.

Bainbridge Home Appreciation Rates

Homes have actually lost value in Bainbridge over the last then years, as home values have seen a decline of 8.94% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bainbridge home appreciation rates at 1.54%, which equates to an annual appreciation rate of 6.31%.

NeighborhoodScout's data show that during the latest twelve months, Bainbridge's appreciation rate, at 3.51%, has been at or slightly above the national average. In the latest quarter, Bainbridge's appreciation rate has been 1.54%, which annualizes to a rate of 6.31%.

Relative to Georgia, our data show that Bainbridge's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$104,330

Bainbridge, GA HOME PRICES

Value Range
> $1,071,000 1.2
$803,001 - $1,071,000 0.3
$535,001 - $803,000 1.6
$428,001 - $535,000 0.9
$321,001 - $428,000 5.4
$214,001 - $321,000 13.4
$107,001 - $214,000 37.2
$53,001 - $107,000 24.2
$0 - $53,000 15.8

Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
80.7124087591241 71.7299578059072

Number Of Homes And Apartments:
4,745

Bainbridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
31.10% 1.40%
4
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$923 / per month

Homeownership Rate

Homeownership
Owners 41.64
Renters 58.36
Vacant 12.02

Housing Market Details

 

Age of Homes

AGE OF Bainbridge HOMES
2000 or Newer 12.7
1970 - 1999 48.7
1940 - 1969 25.3
1939 or Older 13.3

Types of Homes

TYPE OF Bainbridge HOMES
Single-Family 65.5
Townhomes 1.7
Small Apt. Buildings 20.1
Apt. Complexes 9.8
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Bainbridge HOMES
No Bedroom 22.90
1 Bedroom 3.91
2 Bedrooms 14.56
3 Bedrooms 43.33
4 Bedrooms 13.91
5 or more bedrooms 1.39

Zip Codes in Bainbridge, GA