College Park, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating College Park Neighborhoods Since 2000




College Park, 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

College Park Housing Market Information

With a population of 14,601, 5,379 total housing units (homes and apartments), and a median house value of $212,439, College Park real estate is some of the most expensive in Georgia, although College Park home values aren't among America's most expensive.

Large apartment complexes or high rise apartments are the single most common housing type in College Park, accounting for 56.58% of the city's housing units. Other types of housing that are prevalent in College Park include single-family detached homes ( 28.54%), duplexes, homes converted to apartments or other small apartment buildings ( 13.02%), and a few row houses and other attached homes ( 1.86%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

College Park is dominated by renter-occupied one, two, or no bedrooms apartments. 74.44% of College Park's dwellings are rentals.

There is a lot of housing in College Park 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 College Park built between 1940-1969 ( 33.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.68%). There's also some housing in College Park built before 1939 ( 8.13%).

Vacant housing appears to be an issue in College Park. Fully 26.49% of the housing stock is classified as vacant. Left unchecked, vacant College Park homes and apartments can be a drag on the real estate market, holding College Park 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.

College Park Home Appreciation Rates

College Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in College Park during the period has been just -1.57%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, College Park's appreciation rate, at 3.43%, has been at or slightly above the national average. In the latest quarter, College Park's appreciation rate has been 1.10%, which annualizes to a rate of 4.47%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within College Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in College Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best College Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$212,439

College Park, GA HOME PRICES

Value Range
> $1,215,000 0.0
$911,001 - $1,215,000 0.1
$608,001 - $911,000 2.8
$486,001 - $608,000 2.5
$365,001 - $486,000 2.3
$243,001 - $365,000 19.4
$121,001 - $243,000 36.1
$61,001 - $121,000 31.2
$0 - $61,000 5.6

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
29.3155982655572 12.4735729386892

Number Of Homes And Apartments:
5,379

College Park 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
15.05% 0.82% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$985 / per month

Homeownership Rate

Homeownership
Owners 25.56
Renters 74.44
Vacant 26.49

Housing Market Details

 

Age of Homes

AGE OF College Park HOMES
2000 or Newer 8.7
1970 - 1999 49.3
1940 - 1969 33.9
1939 or Older 8.1

Types of Homes

TYPE OF College Park HOMES
Single-Family 28.5
Townhomes 1.9
Small Apt. Buildings 13.0
Apt. Complexes 56.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF College Park HOMES
No Bedroom 0.77
1 Bedroom 19.60
2 Bedrooms 47.37
3 Bedrooms 21.43
4 Bedrooms 8.57
5 or more bedrooms 2.27