Cochran, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cochran, 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

Cochran Housing Market Information

With 4,363 people, 1,332 houses or apartments, and a median cost of homes of $128,512, house prices in Cochran are solidly below the national average.

Single-family detached homes are the single most common housing type in Cochran, accounting for 76.58% of the city's housing units. Other types of housing that are prevalent in Cochran include mobile homes or trailers ( 8.62%), large apartment complexes or high rise apartments ( 7.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.95%).

The most prevalent building size and type in Cochran are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.68% owning and 51.32% renting.

There is a lot of housing in Cochran 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 Cochran built between 1940-1969 ( 36.14%). A lesser amount of the housing stock also hails from before 1939 ( 10.32%). There's also some housing in Cochran built between 2000 and later ( 8.57%).

Vacant housing appears to be an issue in Cochran. Fully 27.29% of the housing stock is classified as vacant. Left unchecked, vacant Cochran homes and apartments can be a drag on the real estate market, holding Cochran 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.

Cochran Home Appreciation Rates

Appreciation rates for homes in Cochran have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.40%, which ranks in the top 50% nationwide. This equates to an annual average Cochran house appreciation rate of 0.24%.

NeighborhoodScout's data show that during the latest twelve months, Cochran's appreciation rate, at 4.31%, has been at or slightly above the national average. In the latest quarter, Cochran's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$128,512

Cochran, GA HOME PRICES

Value Range
> $1,129,000 0.0
$846,001 - $1,129,000 1.4
$565,001 - $846,000 0.0
$452,001 - $565,000 0.9
$339,001 - $452,000 2.3
$226,001 - $339,000 7.8
$113,001 - $226,000 32.5
$56,001 - $113,000 41.2
$0 - $56,000 13.8

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
60.6879174967772 46.5116279069767

Number Of Homes And Apartments:
1,332

Cochran 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
46.63% 2.24% 10 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$710 / per month

Homeownership Rate

Homeownership
Owners 48.68
Renters 51.32
Vacant 27.29

Housing Market Details

 

Age of Homes

AGE OF Cochran HOMES
2000 or Newer 8.6
1970 - 1999 45.0
1940 - 1969 36.1
1939 or Older 10.3

Types of Homes

TYPE OF Cochran HOMES
Single-Family 76.6
Townhomes 1.4
Small Apt. Buildings 5.9
Apt. Complexes 7.5
Mobile Homes 8.6
Other 0.0

Home Size

SIZE OF Cochran HOMES
No Bedroom 0.00
1 Bedroom 4.15
2 Bedrooms 37.72
3 Bedrooms 50.82
4 Bedrooms 6.88
5 or more bedrooms 0.44

Popular Communities Near Cochran, GA

Zip Codes in Cochran, GA