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, 3,389 total housing units (homes and apartments), and a median house value of $133,670, 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.
Homes have actually lost value in Cairo over the last then years, as home values have seen a decline of 8.23% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cairo home appreciation rates at 2.88%, which equates to an annual appreciation rate of 12.03%.
NeighborhoodScout's data show that during the latest twelve months, Cairo's appreciation rate, at 4.12%, has been at or slightly above the national average. In the latest quarter, Cairo's appreciation rate has been 2.88%, which annualizes to a rate of 12.03%.
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 70% of the other cities and towns in Georgia.
|$806,001 - $1,076,000||0.6|
|$538,001 - $806,000||1.1|
|$430,001 - $538,000||0.9|
|$323,001 - $430,000||5.0|
|$215,001 - $323,000||12.3|
|$108,001 - $215,000||36.8|
|$54,001 - $108,000||27.5|
|$0 - $54,000||15.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Cairo HOMES|
|2000 or Newer||13.4|
|1970 - 1999||50.4|
|1940 - 1969||28.9|
|1939 or Older||7.3|
|TYPE OF Cairo HOMES|
|Small Apt. Buildings||10.6|
|SIZE OF Cairo HOMES|
|5 or more bedrooms||1.32|