Carrollton, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Carrollton Neighborhoods Since 2000




Carrollton, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Carrollton Housing Market Information

With 26,203 people, 8,862 houses or apartments, and a median cost of homes of $128,121, house prices in Carrollton are solidly below the national average.

Single-family detached homes are the single most common housing type in Carrollton, accounting for 51.74% of the city's housing units. Other types of housing that are prevalent in Carrollton include large apartment complexes or high rise apartments ( 28.22%), duplexes, homes converted to apartments or other small apartment buildings ( 11.26%), and a few row houses and other attached homes ( 6.16%).

Renters dominate Carrollton's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Carrollton 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 Carrollton built between 2000 and later ( 30.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.98%). There's also some housing in Carrollton built before 1939 ( 8.74%).

Vacant housing appears to be an issue in Carrollton. Fully 10.19% of the housing stock is classified as vacant. Left unchecked, vacant Carrollton homes and apartments can be a drag on the real estate market, holding Carrollton 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.

Carrollton Home Appreciation Rates

Carrollton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Carrollton during the period has been just -0.81%, which is lower than 70% of US communities.

Appreciation rates are so strong in Carrollton that despite a nationwide downturn in the housing market, Carrollton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carrollton appreciation rates continue to be some of the highest in America, at 5.78%, which is higher than appreciation rates in 72.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carrollton. Carrollton appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Carrollton's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Carrollton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Carrollton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Carrollton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$128,121

Carrollton, GA HOME PRICES

Value Range
> $1,201,000 0.3
$901,001 - $1,201,000 0.0
$601,001 - $901,000 3.2
$480,001 - $601,000 0.7
$360,001 - $480,000 4.5
$240,001 - $360,000 10.1
$120,001 - $240,000 36.8
$60,001 - $120,000 34.4
$0 - $60,000 10.1

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
60.8812844251729 46.9344608879493

Number Of Homes And Apartments:
8,862

Carrollton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
13.29% 0.73% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,003 / per month

Homeownership Rate

Homeownership
Owners 32.62
Renters 67.38
Vacant 10.19

Housing Market Details

 

Age of Homes

AGE OF Carrollton HOMES
2000 or Newer 30.7
1970 - 1999 38.5
1940 - 1969 22.0
1939 or Older 8.7

Types of Homes

TYPE OF Carrollton HOMES
Single-Family 51.7
Townhomes 6.2
Small Apt. Buildings 11.3
Apt. Complexes 28.2
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Carrollton HOMES
No Bedroom 2.29
1 Bedroom 13.01
2 Bedrooms 29.85
3 Bedrooms 36.45
4 Bedrooms 15.27
5 or more bedrooms 3.12