Bloomingdale, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bloomingdale, 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

Bloomingdale Housing Market Information

With a population of 2,764, 1,049 total housing units (homes and apartments), and a median house value of $155,121, Bloomingdale real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Bloomingdale, accounting for 71.85% of the city's housing units. Other types of housing that are prevalent in Bloomingdale include mobile homes or trailers ( 22.23%), large apartment complexes or high rise apartments ( 3.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bloomingdale. Owner-occupied housing accounts for 65.30% of Bloomingdale's homes, and 66.78% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bloomingdale 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 Bloomingdale built between 1940-1969 ( 24.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.18%). There's also some housing in Bloomingdale built before 1939 ( 3.52%).

Bloomingdale Home Appreciation Rates

Bloomingdale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bloomingdale during the period has been just -1.30%, which is lower than 70% of US communities.

Appreciation rates are so strong in Bloomingdale that despite a nationwide downturn in the housing market, Bloomingdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bloomingdale appreciation rates continue to be some of the highest in America, at 7.82%, which is higher than appreciation rates in 85.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bloomingdale. Bloomingdale appreciation rates in the latest quarter were at 1.26%, which equates to an annual appreciation rate of 5.15%.

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

Average Home Values

 

Median Home Value:
$155,121

Bloomingdale, GA HOME PRICES

Value Range
> $1,177,000 0.1
$882,001 - $1,177,000 1.1
$588,001 - $882,000 2.4
$471,001 - $588,000 3.1
$353,001 - $471,000 3.2
$235,001 - $353,000 13.2
$117,001 - $235,000 45.8
$58,001 - $117,000 14.0
$0 - $58,000 17.2

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
47.8553849759756 29.1754756871036

Number Of Homes And Apartments:
1,049

Bloomingdale 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
43.73% 2.13% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,232 / per month

Homeownership Rate

Homeownership
Owners 65.30
Renters 34.70
Vacant 9.96

Housing Market Details

 

Age of Homes

AGE OF Bloomingdale HOMES
2000 or Newer 23.2
1970 - 1999 49.2
1940 - 1969 24.1
1939 or Older 3.5

Types of Homes

TYPE OF Bloomingdale HOMES
Single-Family 71.8
Townhomes 0.3
Small Apt. Buildings 2.3
Apt. Complexes 3.3
Mobile Homes 22.2
Other 0.0

Home Size

SIZE OF Bloomingdale HOMES
No Bedroom 0.00
1 Bedroom 5.49
2 Bedrooms 26.09
3 Bedrooms 59.48
4 Bedrooms 7.30
5 or more bedrooms 1.63

Popular Neighborhoods in Bloomingdale

Zip Codes in Bloomingdale, GA