Blackshear, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Blackshear, GA Real Estate Data


Blackshear Housing Market Information

With a population of 3,581, 1,338 total housing units (homes and apartments), and a median house value of $101,697, 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 77.83% 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 ( 16.48%), large apartment complexes or high rise apartments ( 4.45%), and a few row houses and other attached homes ( 1.24%).

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 59.92% owning and 40.08% 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 ( 26.08%). A lesser amount of the housing stock also hails from before 1939 ( 16.12%). There's also some housing in Blackshear built between 2000 and later ( 6.22%).

Vacant housing appears to be an issue in Blackshear. Fully 20.69% 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

Appreciation rates for homes in Blackshear have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.71%, which ranks in the top 40% nationwide. This equates to an annual average Blackshear house appreciation rate of 0.84%.

NeighborhoodScout's data show that during the latest twelve months, Blackshear's appreciation rate, at 5.58%, has been at or slightly above the national average. In the latest quarter, Blackshear's appreciation rate has been 1.23%, which annualizes to a rate of 5.00%.

Relative to Georgia, our data show that Blackshear's latest annual appreciation rate is higher than 50% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$101,697

Blackshear, GA HOME PRICES

Value Range
> $1,143,000 0.0
$857,001 - $1,143,000 0.7
$572,001 - $857,000 0.6
$457,001 - $572,000 1.0
$343,001 - $457,000 3.2
$229,001 - $343,000 8.8
$114,001 - $229,000 30.0
$58,001 - $114,000 27.4
$0 - $58,000 28.2

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
77.753703812145 66.1733615221987

Number Of Homes And Apartments:
1,338

Rent & Ownership

 

Average Market Rent:
$739 / per month

Homeownership Rate

Homeownership
Owners 59.92
Renters 40.08
Vacant 20.69

Housing Market Details

 

Age of Homes

AGE OF Blackshear HOMES
2000 or Newer 6.2
1970 - 1999 51.6
1940 - 1969 26.1
1939 or Older 16.1

Types of Homes

TYPE OF Blackshear HOMES
Single-Family 77.8
Townhomes 1.2
Small Apt. Buildings 16.5
Apt. Complexes 4.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Blackshear HOMES
No Bedroom 0.00
1 Bedroom 11.26
2 Bedrooms 23.83
3 Bedrooms 56.49
4 Bedrooms 3.91
5 or more bedrooms 4.51

Blackshear Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
40.52% 2.02% 9 5
* 10 is highest

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Zip Codes in Blackshear, GA