Clarkston, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Clarkston Neighborhoods Since 2000




Clarkston, 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

Clarkston Housing Market Information

With 12,215 people, 3,771 houses or apartments, and a median cost of homes of $113,390, house prices in Clarkston are solidly below the national average.

Large apartment complexes or high rise apartments are the single most common housing type in Clarkston, accounting for 70.69% of the city's housing units. Other types of housing that are prevalent in Clarkston include single-family detached homes ( 16.01%), duplexes, homes converted to apartments or other small apartment buildings ( 9.86%), and a few row houses and other attached homes ( 3.45%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Clarkston is dominated by renter-occupied one, two, or no bedrooms apartments. 83.75% of Clarkston's dwellings are rentals.

There is a lot of housing in Clarkston 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 Clarkston built between 1940-1969 ( 15.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.31%). There's also some housing in Clarkston built before 1939 ( 4.69%).

Vacant housing appears to be an issue in Clarkston. Fully 13.37% of the housing stock is classified as vacant. Left unchecked, vacant Clarkston homes and apartments can be a drag on the real estate market, holding Clarkston 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.

Clarkston Home Appreciation Rates

Clarkston's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clarkston during the period has been just -1.38%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Clarkston's appreciation rate, at 4.22%, has been at or slightly above the national average. In the latest quarter, Clarkston's appreciation rate has been 1.10%, which annualizes to a rate of 4.47%.

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

Average Home Values

 

Median Home Value:
$113,390

Clarkston, GA HOME PRICES

Value Range
> $1,272,000 0.0
$954,001 - $1,272,000 0.0
$636,001 - $954,000 0.0
$509,001 - $636,000 0.3
$381,001 - $509,000 0.6
$254,001 - $381,000 5.7
$127,001 - $254,000 29.4
$64,001 - $127,000 42.8
$0 - $64,000 21.3

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
69.3484120473456 56.0253699788584

Number Of Homes And Apartments:
3,771

Clarkston 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
8.94% 0.50% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,080 / per month

Homeownership Rate

Homeownership
Owners 16.25
Renters 83.75
Vacant 13.37

Housing Market Details

 

Age of Homes

AGE OF Clarkston HOMES
2000 or Newer 5.3
1970 - 1999 75.0
1940 - 1969 15.0
1939 or Older 4.7

Types of Homes

TYPE OF Clarkston HOMES
Single-Family 16.0
Townhomes 3.4
Small Apt. Buildings 9.9
Apt. Complexes 70.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Clarkston HOMES
No Bedroom 3.26
1 Bedroom 16.61
2 Bedrooms 54.01
3 Bedrooms 23.20
4 Bedrooms 2.02
5 or more bedrooms 0.90