Baxley, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Baxley, 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

Baxley Housing Market Information

With a population of 4,440, 1,668 total housing units (homes and apartments), and a median house value of $94,755, house prices in Baxley are solidly below the national average.

Single-family detached homes are the single most common housing type in Baxley, accounting for 65.44% of the city's housing units. Other types of housing that are prevalent in Baxley include mobile homes or trailers ( 16.69%), duplexes, homes converted to apartments or other small apartment buildings ( 10.16%), and a few large apartment complexes or high rise apartments ( 7.71%).

The most prevalent building size and type in Baxley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.53% owning and 49.47% renting.

There is a lot of housing in Baxley 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 Baxley built between 1940-1969 ( 33.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.98%). There's also some housing in Baxley built before 1939 ( 7.46%).

Vacant housing appears to be an issue in Baxley. Fully 18.11% of the housing stock is classified as vacant. Left unchecked, vacant Baxley homes and apartments can be a drag on the real estate market, holding Baxley 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.

Baxley Home Appreciation Rates

Appreciation rates for homes in Baxley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.71%, which ranks in the top 50% nationwide. This equates to an annual average Baxley house appreciation rate of 0.17%.

Appreciation rates are so strong in Baxley that despite a nationwide downturn in the housing market, Baxley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Baxley appreciation rates continue to be some of the highest in America, at 15.77%, which is higher than appreciation rates in 99.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Baxley. Baxley appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Baxley's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$94,755

Baxley, GA HOME PRICES

Value Range
> $1,249,000 0.2
$936,001 - $1,249,000 0.2
$625,001 - $936,000 0.2
$499,001 - $625,000 0.0
$375,001 - $499,000 2.0
$250,001 - $375,000 7.4
$125,001 - $250,000 15.9
$63,001 - $125,000 36.8
$0 - $63,000 37.1

Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
80.9562873549748 69.9788583509514

Number Of Homes And Apartments:
1,668

Baxley 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
36.24% 1.81% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$583 / per month

Homeownership Rate

Homeownership
Owners 50.53
Renters 49.47
Vacant 18.11

Housing Market Details

 

Age of Homes

AGE OF Baxley HOMES
2000 or Newer 9.0
1970 - 1999 49.8
1940 - 1969 33.7
1939 or Older 7.5

Types of Homes

TYPE OF Baxley HOMES
Single-Family 65.4
Townhomes 0.0
Small Apt. Buildings 10.2
Apt. Complexes 7.7
Mobile Homes 16.7
Other 0.0

Home Size

SIZE OF Baxley HOMES
No Bedroom 1.87
1 Bedroom 1.18
2 Bedrooms 33.04
3 Bedrooms 55.82
4 Bedrooms 6.68
5 or more bedrooms 1.42

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Zip Codes in Baxley, GA