Cairo GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Cairo, 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cairo Housing Market Information

With a population of 9,434, 3,389 total housing units (homes and apartments), and a median house value of $131,045, 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 76.61% 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 ( 10.60%), mobile homes or trailers ( 6.58%), and a few large apartment complexes or high rise apartments ( 5.92%).

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 44.69% owning and 55.31% 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 ( 28.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.40%). There's also some housing in Cairo built before 1939 ( 7.30%).

Vacant housing appears to be an issue in Cairo. Fully 13.85% 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

Homes have actually lost value in Cairo over the last then years, as home values have seen a decline of 12.81% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cairo home appreciation rates at 1.54%, which equates to an annual appreciation rate of 6.31%.

Over the last year, Cairo appreciation rates have trailed the rest of the nation. In the last twelve months, Cairo's appreciation rate has been 0.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cairo were at 1.54%, which equates to an annual appreciation rate of 6.31%.

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

Average Home Values

 

Median Home Value:
$131,045

Cairo, GA HOME PRICES

Value Range
> $1,054,000 0.3
$791,001 - $1,054,000 0.6
$527,001 - $791,000 1.1
$422,001 - $527,000 0.9
$316,001 - $422,000 5.0
$211,001 - $316,000 12.3
$106,001 - $211,000 36.8
$53,001 - $106,000 27.5
$0 - $53,000 15.3

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
66.3357664233577 55.2742616033755

Number Of Homes And Apartments:
3,389

Cairo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
25.24% 1.16%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,184 / per month

Homeownership Rate

Homeownership
Owners 44.69
Renters 55.31
Vacant 13.85

Housing Market Details

 

Age of Homes

AGE OF Cairo HOMES
2000 or Newer 13.4
1970 - 1999 50.4
1940 - 1969 28.9
1939 or Older 7.3

Types of Homes

TYPE OF Cairo HOMES
Single-Family 76.6
Townhomes 0.3
Small Apt. Buildings 10.6
Apt. Complexes 5.9
Mobile Homes 6.6
Other 0.0

Home Size

SIZE OF Cairo HOMES
No Bedroom 2.97
1 Bedroom 4.93
2 Bedrooms 19.06
3 Bedrooms 61.49
4 Bedrooms 10.22
5 or more bedrooms 1.32

Popular Neighborhoods in Cairo

Zip Codes in Cairo, GA