Ball Ground, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ball Ground, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Ball Ground Housing Market Information

With a population of 1,720, 671 total housing units (homes and apartments), and a median house value of $216,201, Ball Ground real estate is some of the most expensive in Georgia, although Ball Ground home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Ball Ground, accounting for 90.57% of the city's housing units. Other types of housing that are prevalent in Ball Ground include row houses and other attached homes ( 4.13%), mobile homes or trailers ( 2.58%), and a few large apartment complexes or high rise apartments ( 1.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ball Ground. Owner-occupied housing accounts for 75.86% of Ball Ground's homes, and 68.60% have either three or four bedrooms, which is average sized relative to America.

Ball Ground homes and real estate are some of the newest in America. 49.74% of Ball Ground's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Ball Ground real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.33%), and between 1940-1969 ( 10.47%). There's also some housing in Ball Ground built before 1939 ( 6.46%).

Vacant housing appears to be an issue in Ball Ground. Fully 13.31% of the housing stock is classified as vacant. Left unchecked, vacant Ball Ground homes and apartments can be a drag on the real estate market, holding Ball Ground 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.

Ball Ground Home Appreciation Rates

Real estate appreciation rates in Ball Ground's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.26% during the period.

Appreciation rates are so strong in Ball Ground that despite a nationwide downturn in the housing market, Ball Ground real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ball Ground appreciation rates continue to be some of the highest in America, at 7.73%, which is higher than appreciation rates in 85.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ball Ground. Ball Ground appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Ball Ground's latest annual appreciation rate is higher than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$216,201

Ball Ground, GA HOME PRICES

Value Range
> $1,232,000 0.3
$924,001 - $1,232,000 0.3
$616,001 - $924,000 1.4
$493,001 - $616,000 8.5
$369,001 - $493,000 7.4
$246,001 - $369,000 21.5
$123,001 - $246,000 44.3
$62,001 - $123,000 7.1
$0 - $62,000 9.2

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
28.4600960975038 11.6279069767442

Number Of Homes And Apartments:
671

Ball Ground Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
22.04% 1.16% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,178 / per month

Homeownership Rate

Homeownership
Owners 75.86
Renters 24.14
Vacant 13.31

Housing Market Details

 

Age of Homes

AGE OF Ball Ground HOMES
2000 or Newer 49.7
1970 - 1999 33.3
1940 - 1969 10.5
1939 or Older 6.5

Types of Homes

TYPE OF Ball Ground HOMES
Single-Family 90.6
Townhomes 4.1
Small Apt. Buildings 1.3
Apt. Complexes 1.4
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Ball Ground HOMES
No Bedroom 0.00
1 Bedroom 1.03
2 Bedrooms 19.51
3 Bedrooms 47.55
4 Bedrooms 21.06
5 or more bedrooms 10.85

Popular Neighborhoods in Ball Ground

Zip Codes in Ball Ground, GA