Barnesville, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Barnesville, 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

Barnesville Housing Market Information

With 6,625 people, 2,072 houses or apartments, and a median cost of homes of $146,363, Barnesville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Barnesville, accounting for 67.10% of the city's housing units. Other types of housing that are prevalent in Barnesville include duplexes, homes converted to apartments or other small apartment buildings ( 16.94%), large apartment complexes or high rise apartments ( 12.23%), and a few mobile homes or trailers ( 2.57%).

The most prevalent building size and type in Barnesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 35.94% owning and 64.06% renting.

There is a lot of housing in Barnesville 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 Barnesville built between 1940-1969 ( 31.75%). A lesser amount of the housing stock also hails from before 1939 ( 20.19%). There's also some housing in Barnesville built between 2000 and later ( 8.27%).

Vacant housing appears to be an issue in Barnesville. Fully 17.97% of the housing stock is classified as vacant. Left unchecked, vacant Barnesville homes and apartments can be a drag on the real estate market, holding Barnesville 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.

Barnesville Home Appreciation Rates

Barnesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Barnesville during the period has been just -1.12%, which is lower than 70% of US communities.

Appreciation rates are so strong in Barnesville that despite a nationwide downturn in the housing market, Barnesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Barnesville appreciation rates continue to be some of the highest in America, at 6.47%, which is higher than appreciation rates in 77.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Barnesville. Barnesville 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 Barnesville's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$146,363

Barnesville, GA HOME PRICES

Value Range
> $1,138,000 0.0
$854,001 - $1,138,000 0.0
$569,001 - $854,000 1.5
$455,001 - $569,000 1.2
$341,001 - $455,000 4.8
$228,001 - $341,000 10.4
$114,001 - $228,000 40.7
$57,001 - $114,000 30.7
$0 - $57,000 10.8

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
51.5879526544006 34.46088794926

Number Of Homes And Apartments:
2,072

Barnesville 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
11.72% 0.64% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$843 / per month

Homeownership Rate

Homeownership
Owners 35.94
Renters 64.06
Vacant 17.97

Housing Market Details

 

Age of Homes

AGE OF Barnesville HOMES
2000 or Newer 8.3
1970 - 1999 39.8
1940 - 1969 31.7
1939 or Older 20.2

Types of Homes

TYPE OF Barnesville HOMES
Single-Family 67.1
Townhomes 1.1
Small Apt. Buildings 16.9
Apt. Complexes 12.2
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Barnesville HOMES
No Bedroom 1.66
1 Bedroom 5.98
2 Bedrooms 33.37
3 Bedrooms 44.50
4 Bedrooms 12.91
5 or more bedrooms 1.58

Popular Neighborhoods in Barnesville

Zip Codes in Barnesville, GA