Colquitt, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Colquitt, 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

Colquitt Housing Market Information

With 1,886 people, 769 houses or apartments, and a median cost of homes of $81,251, house prices in Colquitt are some of the most affordable in Georgia as well as the nation.

Single-family detached homes are the single most common housing type in Colquitt, accounting for 70.25% of the city's housing units. Other types of housing that are prevalent in Colquitt include duplexes, homes converted to apartments or other small apartment buildings ( 17.83%), large apartment complexes or high rise apartments ( 6.44%), and a few mobile homes or trailers ( 5.26%).

The most prevalent building size and type in Colquitt are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 36.65% owning and 63.35% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Colquitt's housing was primarily built during this period, from the '40s through the '60s. A full 39.21% of the city's housing hails from this era. Other housing ages represented in Colquitt include homes built between 1970-1999 ( 33.73%) and housing constructed between 2000 and later ( 18.26%). There's also some housing in Colquitt built before 1939 ( 8.81%).

Vacant housing appears to be an issue in Colquitt. Fully 17.40% of the housing stock is classified as vacant. Left unchecked, vacant Colquitt homes and apartments can be a drag on the real estate market, holding Colquitt 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.

Colquitt Home Appreciation Rates

Real estate appreciation rates in Colquitt's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.11% during the period.

NeighborhoodScout's data show that during the latest twelve months, Colquitt's appreciation rate, at 4.18%, has been at or slightly above the national average. In the latest quarter, Colquitt's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$81,251

Colquitt, GA HOME PRICES

Value Range
> $1,108,000 0.0
$831,001 - $1,108,000 0.0
$554,001 - $831,000 1.5
$443,001 - $554,000 1.7
$332,001 - $443,000 0.5
$222,001 - $332,000 7.7
$110,001 - $222,000 27.4
$55,001 - $110,000 29.5
$0 - $55,000 31.6

Very Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
89.6812375483417 81.8181818181818

Number Of Homes And Apartments:
769

Colquitt 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
36.58% 1.82% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$662 / per month

Homeownership Rate

Homeownership
Owners 36.65
Renters 63.35
Vacant 17.40

Housing Market Details

 

Age of Homes

AGE OF Colquitt HOMES
2000 or Newer 18.3
1970 - 1999 33.7
1940 - 1969 39.2
1939 or Older 8.8

Types of Homes

TYPE OF Colquitt HOMES
Single-Family 70.2
Townhomes 0.2
Small Apt. Buildings 17.8
Apt. Complexes 6.4
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Colquitt HOMES
No Bedroom 18.05
1 Bedroom 6.34
2 Bedrooms 22.34
3 Bedrooms 46.72
4 Bedrooms 6.44
5 or more bedrooms 0.11

Popular Neighborhoods in Colquitt

Zip Codes in Colquitt, GA