Blakely, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Blakely, GA Real Estate Data


Blakely Housing Market Information

With 4,871 people, 1,904 houses or apartments, and a median cost of homes of $104,839, 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 70.41% of the city's housing units. Other types of housing that are prevalent in Blakely include mobile homes or trailers ( 15.32%), duplexes, homes converted to apartments or other small apartment buildings ( 7.66%), and a few large apartment complexes or high rise apartments ( 4.59%).

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 51.65% owning and 48.35% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Blakely's housing was primarily built during this period, from the '40s through the '60s. A full 39.40% of the city's housing hails from this era. Other housing ages represented in Blakely include homes built between 1970-1999 ( 39.08%) and housing constructed between 2000 and later ( 12.61%). There's also some housing in Blakely built before 1939 ( 8.90%).

Vacant housing appears to be an issue in Blakely. Fully 12.66% 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 11.18%, which ranks in the top 40% nationwide. This equates to an annual average Blakely house appreciation rate of 1.07%.

NeighborhoodScout's data show that during the latest twelve months, Blakely's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Blakely's appreciation rate has been 1.23%, which annualizes to a rate of 5.00%.

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

Average Home Values

 

Median Home Value:
$104,839

Blakely, GA HOME PRICES

Value Range
> $1,149,000 0.8
$861,001 - $1,149,000 0.0
$574,001 - $861,000 0.0
$459,001 - $574,000 0.9
$345,001 - $459,000 2.7
$230,001 - $345,000 9.4
$115,001 - $230,000 23.7
$58,001 - $115,000 43.2
$0 - $58,000 19.3

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
75.7451543011068 64.4820295983087

Number Of Homes And Apartments:
1,904

Rent & Ownership

 

Average Market Rent:
$756 / per month

Homeownership Rate

Homeownership
Owners 51.65
Renters 48.35
Vacant 12.66

Housing Market Details

 

Age of Homes

AGE OF Blakely HOMES
2000 or Newer 12.6
1970 - 1999 39.1
1940 - 1969 39.4
1939 or Older 8.9

Types of Homes

TYPE OF Blakely HOMES
Single-Family 70.4
Townhomes 2.0
Small Apt. Buildings 7.7
Apt. Complexes 4.6
Mobile Homes 15.3
Other 0.0

Home Size

SIZE OF Blakely HOMES
No Bedroom 6.42
1 Bedroom 3.94
2 Bedrooms 24.68
3 Bedrooms 55.73
4 Bedrooms 7.43
5 or more bedrooms 1.79

Blakely 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
42.72% 2.11% 9 5
* 10 is highest

Popular Neighborhoods in Blakely

Zip Codes in Blakely, GA