Butler, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Butler, 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

Butler Housing Market Information

With 1,885 people, 720 houses or apartments, and a median cost of homes of $54,371, house prices in Butler are some of the most affordable in Georgia as well as the nation.

Single-family detached homes are the single most common housing type in Butler, accounting for 52.38% of the city's housing units. Other types of housing that are prevalent in Butler include mobile homes or trailers ( 31.22%), duplexes, homes converted to apartments or other small apartment buildings ( 14.59%), and a few large apartment complexes or high rise apartments ( 1.13%).

The most prevalent building size and type in Butler are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.77% owning and 43.23% renting.

There is a lot of housing in Butler 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 Butler built between 1940-1969 ( 36.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 2.60%). There's also some housing in Butler built before 1939 ( 1.58%).

Vacant housing appears to be an issue in Butler. Fully 18.55% of the housing stock is classified as vacant. Left unchecked, vacant Butler homes and apartments can be a drag on the real estate market, holding Butler 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.

Butler Home Appreciation Rates

Butler's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Butler during the period has been just -1.79%, which is lower than 80% of US communities.

Over the last year, Butler appreciation rates have trailed the rest of the nation. In the last twelve months, Butler's appreciation rate has been 2.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Butler were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Butler's latest annual appreciation rate is lower than 60% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$54,371

Butler, GA HOME PRICES

Value Range
> $1,068,000 1.0
$801,001 - $1,068,000 0.0
$534,001 - $801,000 0.0
$427,001 - $534,000 0.9
$321,001 - $427,000 0.0
$214,001 - $321,000 6.9
$107,001 - $214,000 15.0
$53,001 - $107,000 29.5
$0 - $53,000 46.7

Very Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
98.9276924879878 98.0972515856237

Number Of Homes And Apartments:
720

Butler 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
10.03% 0.56% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$699 / per month

Homeownership Rate

Homeownership
Owners 56.77
Renters 43.23
Vacant 18.55

Housing Market Details

 

Age of Homes

AGE OF Butler HOMES
2000 or Newer 2.6
1970 - 1999 59.4
1940 - 1969 36.4
1939 or Older 1.6

Types of Homes

TYPE OF Butler HOMES
Single-Family 52.4
Townhomes 0.7
Small Apt. Buildings 14.6
Apt. Complexes 1.1
Mobile Homes 31.2
Other 0.0

Home Size

SIZE OF Butler HOMES
No Bedroom 6.00
1 Bedroom 5.54
2 Bedrooms 20.02
3 Bedrooms 51.70
4 Bedrooms 12.78
5 or more bedrooms 3.96

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Zip Codes in Butler, GA