Blakely, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Blakely, 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

Blakely Housing Market Information

With a population of 4,871, 1,720 total housing units (homes and apartments), and a median house value of $103,863, house prices in Blakely are solidly below the national average.

Single-family detached homes are the single most common housing type in Blakely, accounting for 70.34% of the city's housing units. Other types of housing that are prevalent in Blakely include mobile homes or trailers ( 13.98%), duplexes, homes converted to apartments or other small apartment buildings ( 11.42%), and a few large apartment complexes or high rise apartments ( 3.91%).

The most prevalent building size and type in Blakely are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.68% owning and 48.32% renting.

There is a lot of housing in Blakely 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 Blakely built between 1940-1969 ( 32.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.48%). There's also some housing in Blakely built before 1939 ( 7.36%).

Vacant housing appears to be an issue in Blakely. Fully 13.83% of the housing stock is classified as vacant. Left unchecked, vacant Blakely homes and apartments can be a drag on the real estate market, holding Blakely 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.

Blakely Home Appreciation Rates

Appreciation rates for homes in Blakely have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.18%, which ranks in the top 50% nationwide. This equates to an annual average Blakely house appreciation rate of 0.22%.

NeighborhoodScout's data show that during the latest twelve months, Blakely's appreciation rate, at 4.43%, has been at or slightly above the national average. In the latest quarter, Blakely's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$103,863

Blakely, GA HOME PRICES

Value Range
> $1,131,000 0.2
$847,001 - $1,131,000 0.0
$565,001 - $847,000 0.0
$452,001 - $565,000 0.7
$339,001 - $452,000 1.3
$226,001 - $339,000 9.1
$113,001 - $226,000 22.0
$57,001 - $113,000 43.2
$0 - $57,000 23.5

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
75.1377006914333 64.0591966173362

Number Of Homes And Apartments:
1,720

Blakely 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
38.93% 1.92% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$762 / per month

Homeownership Rate

Homeownership
Owners 51.68
Renters 48.32
Vacant 13.83

Housing Market Details

 

Age of Homes

AGE OF Blakely HOMES
2000 or Newer 13.5
1970 - 1999 46.7
1940 - 1969 32.5
1939 or Older 7.4

Types of Homes

TYPE OF Blakely HOMES
Single-Family 70.3
Townhomes 0.4
Small Apt. Buildings 11.4
Apt. Complexes 3.9
Mobile Homes 14.0
Other 0.0

Home Size

SIZE OF Blakely HOMES
No Bedroom 9.82
1 Bedroom 3.31
2 Bedrooms 23.30
3 Bedrooms 51.85
4 Bedrooms 9.87
5 or more bedrooms 1.85

Popular Neighborhoods in Blakely

Zip Codes in Blakely, GA