Dalton, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dalton, GA Real Estate Data


Dalton Housing Market Information

With 33,853 people, 11,446 houses or apartments, and a median cost of homes of $148,237, Dalton 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 Dalton, accounting for 46.21% of the city's housing units. Other types of housing that are prevalent in Dalton include large apartment complexes or high rise apartments ( 30.73%), duplexes, homes converted to apartments or other small apartment buildings ( 17.10%), and a few row houses and other attached homes ( 4.64%).

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

There is a lot of housing in Dalton 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 Dalton built between 1940-1969 ( 29.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.61%). There's also some housing in Dalton built before 1939 ( 5.05%).

Vacant housing appears to be an issue in Dalton. Fully 14.66% of the housing stock is classified as vacant. Left unchecked, vacant Dalton homes and apartments can be a drag on the real estate market, holding Dalton 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.

Dalton Home Appreciation Rates

Dalton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dalton during the period has been just -1.07%, which is lower than 70% of US communities.

Appreciation rates are so strong in Dalton that despite a nationwide downturn in the housing market, Dalton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dalton appreciation rates continue to be some of the highest in America, at 11.93%, which is higher than appreciation rates in 99.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dalton. Dalton appreciation rates in the latest quarter were at 0.16%, which equates to an annual appreciation rate of 0.66%.

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

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

Average Home Values

 

Median Home Value:
$148,237

Dalton, GA HOME PRICES

Value Range
> $1,138,000 0.1
$854,001 - $1,138,000 0.1
$569,001 - $854,000 1.4
$455,001 - $569,000 2.6
$341,001 - $455,000 2.7
$228,001 - $341,000 8.9
$114,001 - $228,000 37.4
$57,001 - $114,000 29.5
$0 - $57,000 17.2

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
51.6191368507349 34.8837209302326

Number Of Homes And Apartments:
11,446

Rent & Ownership

 

Average Market Rent:
$845 / per month

Homeownership Rate

Homeownership
Owners 43.81
Renters 56.19
Vacant 14.66

Housing Market Details

 

Age of Homes

AGE OF Dalton HOMES
2000 or Newer 19.6
1970 - 1999 46.3
1940 - 1969 29.1
1939 or Older 5.0

Types of Homes

TYPE OF Dalton HOMES
Single-Family 46.2
Townhomes 4.6
Small Apt. Buildings 17.1
Apt. Complexes 30.7
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Dalton HOMES
No Bedroom 5.73
1 Bedroom 11.81
2 Bedrooms 37.26
3 Bedrooms 30.22
4 Bedrooms 12.67
5 or more bedrooms 2.32

Dalton 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
18.63% 1.01% 5 2
* 10 is highest