Cusseta, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cusseta Neighborhoods Since 2000




Cusseta, 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

Cusseta Housing Market Information

With a population of 11,368, 2,599 total housing units (homes and apartments), and a median house value of $57,953, house prices in Cusseta 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 Cusseta, accounting for 40.24% of the town's housing units. Other types of housing that are prevalent in Cusseta include duplexes, homes converted to apartments or other small apartment buildings ( 21.78%), row houses and other attached homes ( 15.57%), and a few mobile homes or trailers ( 15.48%).

Renters dominate Cusseta's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Cusseta 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 Cusseta built between 1940-1969 ( 33.65%). A lesser amount of the housing stock also hails from before 1939 ( 15.33%). There's also some housing in Cusseta built between 2000 and later ( 13.42%).

Vacant housing appears to be an issue in Cusseta. Fully 22.46% of the housing stock is classified as vacant. Left unchecked, vacant Cusseta homes and apartments can be a drag on the real estate market, holding Cusseta 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.

Cusseta Home Appreciation Rates

Homes have actually lost value in Cusseta over the last then years, as home values have seen a decline of 24.83% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cusseta home appreciation rates at -3.24%, which equates to an annual appreciation rate of -12.33%.

Over the last year, Cusseta appreciation rates have trailed the rest of the nation. In the last twelve months, Cusseta's appreciation rate has been -2.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cusseta were at -3.24%, which equates to an annual appreciation rate of -12.33%.

Notably, Cusseta's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Georgia, our data show that Cusseta's latest annual appreciation rate is lower than 90% 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 town. Individual neighborhoods within Cusseta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cusseta - 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 Cusseta real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$57,953

Cusseta, GA HOME PRICES

Value Range
> $907,000 1.9
$680,001 - $907,000 1.3
$454,001 - $680,000 1.1
$363,001 - $454,000 0.0
$272,001 - $363,000 2.5
$181,001 - $272,000 0.1
$91,001 - $181,000 13.1
$45,001 - $91,000 50.4
$0 - $45,000 29.6

Very Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
98.3944685339271 96.4059196617336

Number Of Homes And Apartments:
2,599

Cusseta 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
8.04% 0.45% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,475 / per month

Homeownership Rate

Homeownership
Owners 19.39
Renters 80.61
Vacant 22.46

Housing Market Details

 

Age of Homes

AGE OF Cusseta HOMES
2000 or Newer 13.4
1970 - 1999 37.6
1940 - 1969 33.7
1939 or Older 15.3

Types of Homes

TYPE OF Cusseta HOMES
Single-Family 40.2
Townhomes 15.6
Small Apt. Buildings 21.8
Apt. Complexes 6.9
Mobile Homes 15.5
Other 0.0

Home Size

SIZE OF Cusseta HOMES
No Bedroom 1.34
1 Bedroom 3.34
2 Bedrooms 18.05
3 Bedrooms 41.77
4 Bedrooms 34.07
5 or more bedrooms 1.43