Camilla, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Camilla, GA Real Estate Data


Camilla Housing Market Information

With a population of 5,089, 1,971 total housing units (homes and apartments), and a median house value of $94,574, house prices in Camilla are solidly below the national average.

Single-family detached homes are the single most common housing type in Camilla, accounting for 72.28% of the city's housing units. Other types of housing that are prevalent in Camilla include large apartment complexes or high rise apartments ( 14.93%), duplexes, homes converted to apartments or other small apartment buildings ( 7.24%), and a few mobile homes or trailers ( 4.55%).

The most prevalent building size and type in Camilla are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.83% owning and 48.17% renting.

There is a lot of housing in Camilla 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 Camilla built between 1940-1969 ( 32.27%). A lesser amount of the housing stock also hails from before 1939 ( 8.78%). There's also some housing in Camilla built between 2000 and later ( 3.28%).

Vacant housing appears to be an issue in Camilla. Fully 10.29% of the housing stock is classified as vacant. Left unchecked, vacant Camilla homes and apartments can be a drag on the real estate market, holding Camilla 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.

Camilla Home Appreciation Rates

Appreciation rates for homes in Camilla have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.12%, which ranks in the top 50% nationwide. This equates to an annual average Camilla house appreciation rate of 0.40%.

NeighborhoodScout's data show that during the latest twelve months, Camilla's appreciation rate, at 5.26%, has been at or slightly above the national average. In the latest quarter, Camilla's appreciation rate has been 1.23%, which annualizes to a rate of 5.00%.

Relative to Georgia, our data show that Camilla's latest annual appreciation rate is higher than 50% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$94,574

Camilla, GA HOME PRICES

Value Range
> $1,134,000 0.0
$850,001 - $1,134,000 0.7
$567,001 - $850,000 0.0
$454,001 - $567,000 0.5
$340,001 - $454,000 4.1
$227,001 - $340,000 10.0
$114,001 - $227,000 25.1
$56,001 - $114,000 37.5
$0 - $56,000 22.0

Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
82.4559348831762 72.938689217759

Number Of Homes And Apartments:
1,971

Rent & Ownership

 

Average Market Rent:
$859 / per month

Homeownership Rate

Homeownership
Owners 51.83
Renters 48.17
Vacant 10.29

Housing Market Details

 

Age of Homes

AGE OF Camilla HOMES
2000 or Newer 3.3
1970 - 1999 55.7
1940 - 1969 32.3
1939 or Older 8.8

Types of Homes

TYPE OF Camilla HOMES
Single-Family 72.3
Townhomes 1.0
Small Apt. Buildings 7.2
Apt. Complexes 14.9
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Camilla HOMES
No Bedroom 2.41
1 Bedroom 11.02
2 Bedrooms 20.98
3 Bedrooms 52.75
4 Bedrooms 11.65
5 or more bedrooms 1.18

Camilla Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
31.78% 1.64% 7 3
* 10 is highest

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Zip Codes in Camilla, GA