Cohutta, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Cohutta Neighborhoods Since 2000




Cohutta, 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

Cohutta Housing Market Information

With 637 people, 278 houses or apartments, and a median cost of homes of $164,551, Cohutta 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 Cohutta, accounting for 86.92% of the city's housing units. Other types of housing that are prevalent in Cohutta include duplexes, homes converted to apartments or other small apartment buildings ( 8.72%), mobile homes or trailers ( 3.49%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cohutta. Owner-occupied housing accounts for 75.90% of Cohutta's homes, and 70.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Cohutta 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 Cohutta built between 2000 and later ( 12.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.01%). There's also some housing in Cohutta built before 1939 ( 5.23%).

Vacant housing appears to be an issue in Cohutta. Fully 19.19% of the housing stock is classified as vacant. Left unchecked, vacant Cohutta homes and apartments can be a drag on the real estate market, holding Cohutta 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.

Cohutta Home Appreciation Rates

Real estate appreciation rates in Cohutta's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.72% during the period.

NeighborhoodScout's data show that during the latest twelve months, Cohutta's appreciation rate, at 4.23%, has been at or slightly above the national average. In the latest quarter, Cohutta's appreciation rate has been 2.58%, which annualizes to a rate of 10.74%.

Importantly, this makes Cohutta one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$164,551

Cohutta, GA HOME PRICES

Value Range
> $1,153,000 0.0
$865,001 - $1,153,000 0.3
$577,001 - $865,000 2.2
$461,001 - $577,000 2.4
$346,001 - $461,000 8.4
$230,001 - $346,000 10.9
$115,001 - $230,000 46.5
$58,001 - $115,000 20.4
$0 - $58,000 8.9

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
43.8356967069026 25.1585623678647

Number Of Homes And Apartments:
278

Cohutta 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
19.30% 1.03% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$934 / per month

Homeownership Rate

Homeownership
Owners 75.90
Renters 24.10
Vacant 19.19

Housing Market Details

 

Age of Homes

AGE OF Cohutta HOMES
2000 or Newer 12.8
1970 - 1999 73.0
1940 - 1969 9.0
1939 or Older 5.2

Types of Homes

TYPE OF Cohutta HOMES
Single-Family 86.9
Townhomes 0.0
Small Apt. Buildings 8.7
Apt. Complexes 0.9
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Cohutta HOMES
No Bedroom 0.00
1 Bedroom 4.07
2 Bedrooms 22.97
3 Bedrooms 59.88
4 Bedrooms 10.47
5 or more bedrooms 2.62