Chickamauga, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chickamauga, GA Real Estate Data


Chickamauga Housing Market Information

With a population of 3,107, 1,222 total housing units (homes and apartments), and a median house value of $122,258, house prices in Chickamauga are solidly below the national average.

Single-family detached homes are the single most common housing type in Chickamauga, accounting for 76.03% of the city's housing units. Other types of housing that are prevalent in Chickamauga include duplexes, homes converted to apartments or other small apartment buildings ( 11.25%), large apartment complexes or high rise apartments ( 7.13%), and a few mobile homes or trailers ( 5.59%).

The most prevalent building size and type in Chickamauga are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.09% owning and 36.91% renting.

There is a lot of housing in Chickamauga 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 Chickamauga built between 1940-1969 ( 26.83%). A lesser amount of the housing stock also hails from before 1939 ( 15.65%). There's also some housing in Chickamauga built between 2000 and later ( 15.09%).

Vacant housing appears to be an issue in Chickamauga. Fully 14.61% of the housing stock is classified as vacant. Left unchecked, vacant Chickamauga homes and apartments can be a drag on the real estate market, holding Chickamauga 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.

Chickamauga Home Appreciation Rates

Real estate appreciation rates in Chickamauga's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.78% during the period.

Over the last year, Chickamauga appreciation rates have trailed the rest of the nation. In the last twelve months, Chickamauga's appreciation rate has been -3.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chickamauga were at -1.61%, which equates to an annual appreciation rate of -6.27%.

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

Relative to Georgia, our data show that Chickamauga's latest annual appreciation rate is lower than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$122,258

Chickamauga, GA HOME PRICES

Value Range
> $1,031,000 0.0
$773,001 - $1,031,000 0.6
$515,001 - $773,000 3.3
$412,001 - $515,000 0.9
$309,001 - $412,000 4.4
$206,001 - $309,000 10.9
$103,001 - $206,000 40.9
$52,001 - $103,000 30.8
$0 - $52,000 8.1

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
63.9341380522677 50.3171247357294

Number Of Homes And Apartments:
1,222

Rent & Ownership

 

Average Market Rent:
$802 / per month

Homeownership Rate

Homeownership
Owners 63.09
Renters 36.91
Vacant 14.61

Housing Market Details

 

Age of Homes

AGE OF Chickamauga HOMES
2000 or Newer 15.1
1970 - 1999 42.4
1940 - 1969 26.8
1939 or Older 15.7

Types of Homes

TYPE OF Chickamauga HOMES
Single-Family 76.0
Townhomes 0.0
Small Apt. Buildings 11.3
Apt. Complexes 7.1
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Chickamauga HOMES
No Bedroom 4.05
1 Bedroom 4.96
2 Bedrooms 36.76
3 Bedrooms 41.16
4 Bedrooms 11.67
5 or more bedrooms 1.40

Chickamauga Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
23.64% 1.24% 6 3
* 10 is highest

Popular Neighborhoods in Chickamauga

Zip Codes in Chickamauga, GA