Cumming, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cumming Neighborhoods Since 2000




Cumming, GA Real Estate Data


Cumming Housing Market Information

With a population of 5,718, 1,892 total housing units (homes and apartments), and a median house value of $237,686, Cumming real estate is some of the most expensive in Georgia, although Cumming home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Cumming, accounting for 49.02% of the city's housing units. Other types of housing that are prevalent in Cumming include large apartment complexes or high rise apartments ( 23.44%), row houses and other attached homes ( 14.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.26%).

People in Cumming primarily live in small (one, two or no bedroom) single-family detached homes. Cumming has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Cumming 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 Cumming built between 2000 and later ( 28.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.31%). There's also some housing in Cumming built before 1939 ( 1.10%).

Cumming Home Appreciation Rates

Real estate appreciation rates in Cumming's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.21% during the period.

Appreciation rates are so strong in Cumming that despite a nationwide downturn in the housing market, Cumming real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cumming appreciation rates continue to be some of the highest in America, at 7.62%, which is higher than appreciation rates in 89.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cumming. Cumming appreciation rates in the latest quarter were at 2.99%, which equates to an annual appreciation rate of 12.51%.

Importantly, this makes Cumming 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 Cumming's latest annual appreciation rate is higher than 80% 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 Cumming differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cumming - 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 Cumming real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$237,686

Cumming, GA HOME PRICES

Value Range
> $1,284,000 0.0
$963,001 - $1,284,000 0.2
$642,001 - $963,000 1.8
$513,001 - $642,000 4.1
$385,001 - $513,000 7.5
$257,001 - $385,000 24.1
$128,001 - $257,000 50.8
$64,001 - $128,000 9.3
$0 - $64,000 2.2

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
25.1097968027171 9.09090909090909

Number Of Homes And Apartments:
1,892

Rent & Ownership

 

Average Market Rent:
$1,234 / per month

Homeownership Rate

Homeownership
Owners 40.00
Renters 60.00
Vacant 9.69

Housing Market Details

 

Age of Homes

AGE OF Cumming HOMES
2000 or Newer 28.4
1970 - 1999 60.2
1940 - 1969 10.3
1939 or Older 1.1

Types of Homes

TYPE OF Cumming HOMES
Single-Family 49.0
Townhomes 14.7
Small Apt. Buildings 11.3
Apt. Complexes 23.4
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Cumming HOMES
No Bedroom 5.11
1 Bedroom 15.42
2 Bedrooms 28.50
3 Bedrooms 32.32
4 Bedrooms 16.42
5 or more bedrooms 2.24

Cumming Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
22.13% 1.18% 6 2
* 10 is highest