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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 9,410, 3,399 total housing units (homes and apartments), and a median house value of $139,942, house prices in Cairo are solidly below the national average.
Mobile homes or trailers are the single most common housing type in Cairo, accounting for 0.00% of the city's housing units.
The most prevalent building size and type in Cairo are three and four bedroom dwellings, chiefly found in mobile homes or trailers. The city has a mixture of owners and renters, with 48.40% owning and 51.60% renting.
There is a lot of housing in Cairo 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 Cairo built between 1940-1969 ( 32.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.60%). There's also some housing in Cairo built before 1939 ( 7.45%).
Vacant housing appears to be an issue in Cairo. Fully 14.47% of the housing stock is classified as vacant. Left unchecked, vacant Cairo homes and apartments can be a drag on the real estate market, holding Cairo 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.
Cairo's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cairo during the period has been just 1.43%, which is lower than 70% of US communities.
Appreciation rates are so strong in Cairo that despite a nationwide downturn in the housing market, Cairo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cairo appreciation rates continue to be some of the highest in America, at 6.99%, which is higher than appreciation rates in 75.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cairo. Cairo appreciation rates in the latest quarter were at 1.95%, which equates to an annual appreciation rate of 8.04%.
Importantly, this makes Cairo one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Georgia, our data show that Cairo's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.
|$851,001 - $1,136,000||0.4|
|$568,001 - $851,000||1.0|
|$454,001 - $568,000||1.0|
|$341,001 - $454,000||3.3|
|$227,001 - $341,000||15.2|
|$113,001 - $227,000||36.6|
|$57,001 - $113,000||27.7|
|$0 - $57,000||14.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Cairo HOMES|
|2000 or Newer||11.6|
|1970 - 1999||48.2|
|1940 - 1969||32.8|
|1939 or Older||7.4|
|TYPE OF Cairo HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Cairo HOMES|
|5 or more bedrooms||0.55|