Box Springs, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Box Springs, GA Real Estate Data


Box Springs Housing Market Information

With 6,161 people, 1,286 houses or apartments, and a median cost of homes of $110,414, 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 60.33% of the town's housing units. Other types of housing that are prevalent in Box Springs include mobile homes or trailers ( 39.20%).

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 86.97% of Box Springs's homes, and 70.06% 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 ( 21.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.84%). There's also some housing in Box Springs built before 1939 ( 10.00%).

Vacant housing appears to be an issue in Box Springs. Fully 24.08% 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 11.35%, which ranks in the top 40% nationwide. This equates to an annual average Box Springs house appreciation rate of 1.08%.

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 4.18%, 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 0.94%, which equates to an annual appreciation rate of 3.81%.

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 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$110,414

Box Springs, GA HOME PRICES

Value Range
> $1,080,000 0.3
$810,001 - $1,080,000 0.0
$541,001 - $810,000 1.4
$432,001 - $541,000 1.0
$324,001 - $432,000 2.6
$216,001 - $324,000 15.2
$108,001 - $216,000 31.6
$54,001 - $108,000 25.4
$0 - $54,000 22.4

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
72.1730983193769 60.2536997885835

Number Of Homes And Apartments:
1,286

Rent & Ownership

 

Average Market Rent:
$767 / per month

Homeownership Rate

Homeownership
Owners 86.97
Renters 13.03
Vacant 24.08

Housing Market Details

 

Age of Homes

AGE OF Box Springs HOMES
2000 or Newer 21.6
1970 - 1999 55.6
1940 - 1969 12.8
1939 or Older 10.0

Types of Homes

TYPE OF Box Springs HOMES
Single-Family 60.3
Townhomes 0.5
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 39.2
Other 0.0

Home Size

SIZE OF Box Springs HOMES
No Bedroom 0.00
1 Bedroom 5.71
2 Bedrooms 21.88
3 Bedrooms 53.78
4 Bedrooms 16.28
5 or more bedrooms 2.35

Box Springs 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
42.15% 2.09% 9 5
* 10 is highest

Popular Neighborhoods in Box Springs

Zip Codes in Box Springs, GA