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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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'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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF College Park HOMES|
|2000 or Newer||8.7|
|1970 - 1999||49.3|
|1940 - 1969||33.9|
|1939 or Older||8.1|
|TYPE OF College Park HOMES|
|Small Apt. Buildings||13.0|
|SIZE OF College Park HOMES|
|5 or more bedrooms||2.27|