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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.



Commerce, 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

Commerce, GA Housing Market Trends

With 7,707 people, 2,451 houses or apartments, and a median cost of homes of $297,288, Commerce 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 Commerce, accounting for 79.12% of the city's housing units. Other types of housing that are prevalent in Commerce include large apartment complexes or high rise apartments ( 12.64%), mobile homes or trailers ( 5.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.10%).

The most prevalent building size and type in Commerce are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.90% owning and 36.10% renting.

There is a lot of housing in Commerce 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 Commerce built between 2000 and later ( 25.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.68%). There's also some housing in Commerce built before 1939 ( 11.38%).

Commerce Home Appreciation Rates

In the last 10 years, Commerce has experienced some of the highest home appreciation rates of any community in the nation. Commerce real estate appreciated 147.66% over the last ten years, which is an average annual home appreciation rate of 9.49%, putting Commerce in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Commerce 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 Commerce that despite a nationwide downturn in the housing market, Commerce real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Commerce appreciation rates continue to be some of the highest in America, at 6.97%, which is higher than appreciation rates in 74.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Commerce. Commerce 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 Commerce's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

Average Home Values

Median Home Value

$297,288

Commerce, GA Home Prices
> $1,418,000
$1,064,001 - $1,418,000
$709,001 - $1,064,000
$567,001 - $709,000
$425,001 - $567,000
$283,001 - $425,000
$142,001 - $283,000
$71,001 - $142,000
$0 - $71,000
0.5%
0.5%
0.0%
0.0%
3.5%
3.5%
2.0%
2.0%
14.9%
14.9%
41.8%
41.8%
26.2%
26.2%
10.1%
10.1%
1.1%
1.1%
0% 100.0%
% of Homes
High

for Georgia

Average

for nation

Number of Homes And Apartments:

2,451

Commerce Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,799 / per month

Homeownership Rate

Owners
Renters
63.9%
63.9%
36.1%
36.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.1%
6.1%
93.9%
93.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.1%
25.1%
40.8%
40.8%
22.7%
22.7%
11.4%
11.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.1%
79.1%
0.0%
0.0%
3.1%
3.1%
12.6%
12.6%
5.1%
5.1%
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
0.0%
0.0%
0.9%
0.9%
27.4%
27.4%
51.9%
51.9%
17.9%
17.9%
2.0%
2.0%
0% 100.0%
% of Homes

Zip Codes in Commerce, GA