Cairo, GA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cairo, GA Housing Market Trends

With 9,369 people, 3,567 houses or apartments, and a median cost of homes of $153,410, house prices in Cairo are solidly below the national average.

Single-family detached homes are the single most common housing type in Cairo, accounting for 70.78% of the city's housing units. Other types of housing that are prevalent in Cairo include duplexes, homes converted to apartments or other small apartment buildings ( 11.21%), mobile homes or trailers ( 9.91%), and a few large apartment complexes or high rise apartments ( 7.71%).

The most prevalent building size and type in Cairo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.89% owning and 56.11% 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 ( 33.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.94%). There's also some housing in Cairo built before 1939 ( 3.37%).

Vacant housing appears to be an issue in Cairo. Fully 12.92% 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 Home Appreciation Rates

Real estate appreciation rates in Cairo's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.46% during the period.

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 7.31%, which is higher than appreciation rates in 90.65% 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 3.00%, which equates to an annual appreciation rate of 12.56%.

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 higher than 60% of the other cities and towns in Georgia.

Average Home Values

 
info

Median Home Value:
$153,410

Cairo, GA HOME PRICES

> $1,175,000
0.8%
0.8%
$881,001 - $1,175,000
0.5%
0.5%
$587,001 - $881,000
0.5%
0.5%
$470,001 - $587,000
1.2%
1.2%
$352,001 - $470,000
4.5%
4.5%
$235,001 - $352,000
16.6%
16.6%
$118,001 - $235,000
37.3%
37.3%
$59,001 - $118,000
26.0%
26.0%
$0 - $59,000
12.5%
12.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for GA

Value Relative To Nation

Number Of Homes And Apartments:
3,567

Cairo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
55.14% 2.11%
6
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$945 / per month

Homeownership Rate

Owners
43.9%
43.9%
Renters
56.1%
56.1%
Vacant
12.9%
12.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
12.9%
12.9%
1970 - 1999
50.3%
50.3%
1940 - 1969
33.4%
33.4%
1939 or Older
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.8%
70.8%
Townhomes
0.1%
0.1%
Small Apt. Buildings
11.2%
11.2%
Apt. Complexes
7.7%
7.7%
Mobile Homes
9.9%
9.9%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
7.1%
7.1%
2 Bedrooms
21.6%
21.6%
3 Bedrooms
56.3%
56.3%
4 Bedrooms
12.1%
12.1%
5 or more bedrooms
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Cairo

Zip Codes in Cairo, GA