Demorest, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Demorest Neighborhoods Since 2000




Demorest, 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

Demorest Housing Market Information

With a population of 2,050, 539 total housing units (homes and apartments), and a median house value of $129,487, house prices in Demorest are solidly below the national average.

Single-family detached homes are the single most common housing type in Demorest, accounting for 76.36% of the city's housing units. Other types of housing that are prevalent in Demorest include duplexes, homes converted to apartments or other small apartment buildings ( 10.99%), large apartment complexes or high rise apartments ( 10.39%), and a few mobile homes or trailers ( 2.26%).

The most prevalent building size and type in Demorest are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.83% owning and 56.17% renting.

There is a lot of housing in Demorest 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 Demorest built between 2000 and later ( 28.31%). A lesser amount of the housing stock also hails from before 1939 ( 17.77%). There's also some housing in Demorest built between 1940-1969 ( 11.30%).

Vacant housing appears to be an issue in Demorest. Fully 18.83% of the housing stock is classified as vacant. Left unchecked, vacant Demorest homes and apartments can be a drag on the real estate market, holding Demorest 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.

Demorest Home Appreciation Rates

Homes have actually lost value in Demorest over the last then years, as home values have seen a decline of 19.20% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Demorest home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

Over the last year, Demorest appreciation rates have trailed the rest of the nation. In the last twelve months, Demorest's appreciation rate has been 2.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Demorest were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Demorest's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$129,487

Demorest, GA HOME PRICES

Value Range
> $1,130,000 0.8
$847,001 - $1,130,000 0.0
$565,001 - $847,000 0.0
$452,001 - $565,000 0.9
$339,001 - $452,000 2.6
$226,001 - $339,000 6.6
$113,001 - $226,000 47.9
$57,001 - $113,000 23.0
$0 - $57,000 18.2

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
60.1576233446619 46.0887949260042

Number Of Homes And Apartments:
539

Demorest 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
7.59% 0.42% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$931 / per month

Homeownership Rate

Homeownership
Owners 43.83
Renters 56.17
Vacant 18.83

Housing Market Details

 

Age of Homes

AGE OF Demorest HOMES
2000 or Newer 28.3
1970 - 1999 42.6
1940 - 1969 11.3
1939 or Older 17.8

Types of Homes

TYPE OF Demorest HOMES
Single-Family 76.4
Townhomes 0.0
Small Apt. Buildings 11.0
Apt. Complexes 10.4
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Demorest HOMES
No Bedroom 2.41
1 Bedroom 5.27
2 Bedrooms 32.83
3 Bedrooms 46.39
4 Bedrooms 9.94
5 or more bedrooms 3.16