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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Cochran, GA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cochran, GA Housing Market Trends

With 4,647 people, 1,442 houses or apartments, and a median cost of homes of $171,238, 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 68.87% of the city's housing units. Other types of housing that are prevalent in Cochran include mobile homes or trailers ( 16.28%), duplexes, homes converted to apartments or other small apartment buildings ( 11.16%), and a few large apartment complexes or high rise apartments ( 3.68%).

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 53.11% owning and 46.89% 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 ( 31.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.20%). There's also some housing in Cochran built before 1939 ( 3.74%).

Vacant housing appears to be an issue in Cochran. Fully 23.01% 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

In the last 10 years, Cochran has experienced some of the highest home appreciation rates of any community in the nation. Cochran real estate appreciated 121.26% over the last ten years, which is an average annual home appreciation rate of 8.27%, putting Cochran in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cochran definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Cochran that despite a nationwide downturn in the housing market, Cochran real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cochran appreciation rates continue to be some of the highest in America, at 6.97%, which is higher than appreciation rates in 74.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cochran. Cochran appreciation rates in the latest quarter were at 1.22%, which equates to an annual appreciation rate of 4.98%.

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

Average Home Values

Median Home Value

$171,238

Cochran, GA Home Prices
> $1,420,000
$1,065,001 - $1,420,000
$710,001 - $1,065,000
$568,001 - $710,000
$426,001 - $568,000
$284,001 - $426,000
$142,001 - $284,000
$71,001 - $142,000
$0 - $71,000
0.0%
0.0%
0.0%
0.0%
0.6%
0.6%
0.0%
0.0%
6.5%
6.5%
16.7%
16.7%
37.8%
37.8%
28.5%
28.5%
9.9%
9.9%
0% 100.0%
% of Homes
Low

for Georgia

Low

for nation

Number of Homes And Apartments:

1,442

Cochran Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,239 / per month

Homeownership Rate

Owners
Renters
53.1%
53.1%
46.9%
46.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
23.0%
23.0%
77.0%
77.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.2%
14.2%
50.9%
50.9%
31.2%
31.2%
3.7%
3.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.9%
68.9%
0.0%
0.0%
11.2%
11.2%
3.7%
3.7%
16.3%
16.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.3%
3.3%
2.3%
2.3%
34.3%
34.3%
43.8%
43.8%
13.2%
13.2%
3.2%
3.2%
0% 100.0%
% of Homes

Zip Codes in Cochran, GA