Dahlonega, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Dahlonega, GA Housing Market Trends

With 7,294 people, 1,873 houses or apartments, and a median cost of homes of $226,373, Dahlonega real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Dahlonega, accounting for 53.06% of the city's housing units. Other types of housing that are prevalent in Dahlonega include large apartment complexes or high rise apartments ( 18.76%), row houses and other attached homes ( 12.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.92%).

Dahlonega is dominated by renter-occupied one, two, or no bedrooms apartments. 65.84% of Dahlonega's dwellings are rentals.

There is a lot of housing in Dahlonega 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 Dahlonega built between 2000 and later ( 37.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.46%).

Vacant housing appears to be an issue in Dahlonega. Fully 15.13% of the housing stock is classified as vacant. Left unchecked, vacant Dahlonega homes and apartments can be a drag on the real estate market, holding Dahlonega 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.

Dahlonega Home Appreciation Rates

Appreciation rates for homes in Dahlonega have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 39.09%, which ranks in the top 40% nationwide. This equates to an annual average Dahlonega house appreciation rate of 3.35%.

NeighborhoodScout's data show that during the latest twelve months, Dahlonega's appreciation rate, at 5.75%, has been at or slightly above the national average. In the latest quarter, Dahlonega's appreciation rate has been 2.05%, which annualizes to a rate of 8.47%.

Relative to Georgia, our data show that Dahlonega's latest annual appreciation rate is lower than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$226,373

Dahlonega, GA HOME PRICES

> $1,201,000
0.6%
0.6%
$900,001 - $1,201,000
2.3%
2.3%
$600,001 - $900,000
5.1%
5.1%
$480,001 - $600,000
3.7%
3.7%
$360,001 - $480,000
5.8%
5.8%
$240,001 - $360,000
27.1%
27.1%
$120,001 - $240,000
35.6%
35.6%
$60,001 - $120,000
11.2%
11.2%
$0 - $60,000
8.7%
8.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for GA

Value Relative To Nation

Number Of Homes And Apartments:
1,873

Dahlonega Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
43.57% 1.74%
4
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,201 / per month

Homeownership Rate

Owners
34.2%
34.2%
Renters
65.8%
65.8%
Vacant
15.1%
15.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
38.0%
38.0%
1970 - 1999
49.7%
49.7%
1940 - 1969
11.5%
11.5%
1939 or Older
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.1%
53.1%
Townhomes
12.1%
12.1%
Small Apt. Buildings
11.9%
11.9%
Apt. Complexes
18.8%
18.8%
Mobile Homes
4.2%
4.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
6.9%
6.9%
2 Bedrooms
35.7%
35.7%
3 Bedrooms
27.0%
27.0%
4 Bedrooms
13.7%
13.7%
5 or more bedrooms
14.4%
14.4%
0.0% 100.0%
% OF HOMES