Chatsworth, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chatsworth, GA Real Estate Data


Chatsworth Housing Market Information

With 4,351 people, 1,668 houses or apartments, and a median cost of homes of $151,360, Chatsworth real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Chatsworth, accounting for 64.86% of the city's housing units. Other types of housing that are prevalent in Chatsworth include large apartment complexes or high rise apartments ( 14.31%), duplexes, homes converted to apartments or other small apartment buildings ( 13.63%), and a few mobile homes or trailers ( 7.21%).

The most prevalent building size and type in Chatsworth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.30% owning and 55.70% renting.

There is a lot of housing in Chatsworth 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 Chatsworth built between 2000 and later ( 17.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.26%). There's also some housing in Chatsworth built before 1939 ( 9.09%).

Vacant housing appears to be an issue in Chatsworth. Fully 12.90% of the housing stock is classified as vacant. Left unchecked, vacant Chatsworth homes and apartments can be a drag on the real estate market, holding Chatsworth 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.

Chatsworth Home Appreciation Rates

Appreciation rates for homes in Chatsworth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.66%, which ranks in the top 50% nationwide. This equates to an annual average Chatsworth house appreciation rate of 0.46%.

Appreciation rates are so strong in Chatsworth that despite a nationwide downturn in the housing market, Chatsworth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chatsworth appreciation rates continue to be some of the highest in America, at 11.40%, which is higher than appreciation rates in 99.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chatsworth. Chatsworth appreciation rates in the latest quarter were at 0.16%, which equates to an annual appreciation rate of 0.66%.

Notably, Chatsworth's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Georgia, our data show that Chatsworth's latest annual appreciation rate is higher than 90% 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 Chatsworth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chatsworth - 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 Chatsworth real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$151,360

Chatsworth, GA HOME PRICES

Value Range
> $1,142,000 0.0
$856,001 - $1,142,000 0.0
$571,001 - $856,000 4.0
$457,001 - $571,000 0.0
$342,001 - $457,000 0.2
$228,001 - $342,000 15.0
$114,001 - $228,000 49.5
$58,001 - $114,000 26.4
$0 - $58,000 4.9

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
50.143467822217 32.76955602537

Number Of Homes And Apartments:
1,668

Rent & Ownership

 

Average Market Rent:
$707 / per month

Homeownership Rate

Homeownership
Owners 44.30
Renters 55.70
Vacant 12.90

Housing Market Details

 

Age of Homes

AGE OF Chatsworth HOMES
2000 or Newer 17.4
1970 - 1999 60.2
1940 - 1969 13.3
1939 or Older 9.1

Types of Homes

TYPE OF Chatsworth HOMES
Single-Family 64.9
Townhomes 0.0
Small Apt. Buildings 13.6
Apt. Complexes 14.3
Mobile Homes 7.2
Other 0.0

Home Size

SIZE OF Chatsworth HOMES
No Bedroom 0.00
1 Bedroom 10.44
2 Bedrooms 28.30
3 Bedrooms 46.48
4 Bedrooms 13.11
5 or more bedrooms 1.67

Chatsworth 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
33.86% 1.73% 8 4
* 10 is highest

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Zip Codes in Chatsworth, GA