Blackshear, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Blackshear, 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

Blackshear Housing Market Information

With 3,581 people, 1,418 houses or apartments, and a median cost of homes of $125,416, house prices in Blackshear are solidly below the national average.

Single-family detached homes are the single most common housing type in Blackshear, accounting for 76.61% of the city's housing units. Other types of housing that are prevalent in Blackshear include duplexes, homes converted to apartments or other small apartment buildings ( 17.59%), large apartment complexes or high rise apartments ( 4.59%), and a few row houses and other attached homes ( 1.22%).

The most prevalent building size and type in Blackshear are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.08% owning and 39.92% renting.

There is a lot of housing in Blackshear 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 Blackshear built between 1940-1969 ( 18.28%). A lesser amount of the housing stock also hails from before 1939 ( 16.25%). There's also some housing in Blackshear built between 2000 and later ( 8.47%).

Vacant housing appears to be an issue in Blackshear. Fully 17.70% of the housing stock is classified as vacant. Left unchecked, vacant Blackshear homes and apartments can be a drag on the real estate market, holding Blackshear 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.

Blackshear Home Appreciation Rates

Real estate appreciation rates in Blackshear's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.28% during the period.

Over the last year, Blackshear appreciation rates have trailed the rest of the nation. In the last twelve months, Blackshear's appreciation rate has been -0.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Blackshear were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$125,416

Blackshear, GA HOME PRICES

Value Range
> $1,070,000 0.4
$802,001 - $1,070,000 0.6
$535,001 - $802,000 1.1
$428,001 - $535,000 1.4
$321,001 - $428,000 3.2
$214,001 - $321,000 10.2
$107,001 - $214,000 31.5
$54,001 - $107,000 24.0
$0 - $54,000 27.5

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
62.3579046056487 47.7801268498943

Number Of Homes And Apartments:
1,418

Blackshear 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
32.37% 1.64% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$739 / per month

Homeownership Rate

Homeownership
Owners 60.08
Renters 39.92
Vacant 17.70

Housing Market Details

 

Age of Homes

AGE OF Blackshear HOMES
2000 or Newer 8.5
1970 - 1999 57.0
1940 - 1969 18.3
1939 or Older 16.3

Types of Homes

TYPE OF Blackshear HOMES
Single-Family 76.6
Townhomes 1.2
Small Apt. Buildings 17.6
Apt. Complexes 4.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Blackshear HOMES
No Bedroom 0.00
1 Bedroom 12.77
2 Bedrooms 19.44
3 Bedrooms 62.33
4 Bedrooms 4.70
5 or more bedrooms 0.75

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Zip Codes in Blackshear, GA