Box Springs, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Box Springs Neighborhoods Since 2000




Box Springs, 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

Box Springs Housing Market Information

With 6,161 people, 1,277 houses or apartments, and a median cost of homes of $107,413, house prices in Box Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Box Springs, accounting for 58.26% of the town's housing units. Other types of housing that are prevalent in Box Springs include mobile homes or trailers ( 40.26%), row houses and other attached homes ( 1.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Box Springs. Owner-occupied housing accounts for 89.15% of Box Springs's homes, and 68.61% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Box Springs 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 Box Springs built between 2000 and later ( 19.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.23%). There's also some housing in Box Springs built before 1939 ( 9.91%).

Vacant housing appears to be an issue in Box Springs. Fully 24.33% of the housing stock is classified as vacant. Left unchecked, vacant Box Springs homes and apartments can be a drag on the real estate market, holding Box Springs 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.

Box Springs Home Appreciation Rates

Appreciation rates for homes in Box Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.20%, which ranks in the top 50% nationwide. This equates to an annual average Box Springs house appreciation rate of 0.12%.

Over the last year, Box Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Box Springs's appreciation rate has been 1.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Box Springs were at -2.32%, which equates to an annual appreciation rate of -8.97%.

Notably, Box Springs's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$107,413

Box Springs, GA HOME PRICES

Value Range
> $1,001,000 0.3
$751,001 - $1,001,000 0.0
$501,001 - $751,000 3.6
$401,001 - $501,000 1.9
$301,001 - $401,000 2.4
$200,001 - $301,000 13.2
$101,001 - $200,000 27.5
$50,001 - $101,000 27.7
$0 - $50,000 23.3

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
72.8641743818118 60.4651162790698

Number Of Homes And Apartments:
1,277

Box Springs 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
28.87% 1.48% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$716 / per month

Homeownership Rate

Homeownership
Owners 89.15
Renters 10.85
Vacant 24.33

Housing Market Details

 

Age of Homes

AGE OF Box Springs HOMES
2000 or Newer 19.3
1970 - 1999 57.5
1940 - 1969 13.2
1939 or Older 9.9

Types of Homes

TYPE OF Box Springs HOMES
Single-Family 58.3
Townhomes 1.5
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 40.3
Other 0.0

Home Size

SIZE OF Box Springs HOMES
No Bedroom 0.00
1 Bedroom 5.07
2 Bedrooms 25.19
3 Bedrooms 53.11
4 Bedrooms 15.50
5 or more bedrooms 1.13

Popular Neighborhoods in Box Springs

Zip Codes in Box Springs, GA