Doraville, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Doraville Neighborhoods Since 2000




Doraville, GA Real Estate Data


Doraville Housing Market Information

With 10,896 people, 3,200 houses or apartments, and a median cost of homes of $177,606, Doraville 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 Doraville, accounting for 53.28% of the city's housing units. Other types of housing that are prevalent in Doraville include large apartment complexes or high rise apartments ( 30.14%), duplexes, homes converted to apartments or other small apartment buildings ( 9.87%), and a few row houses and other attached homes ( 6.30%).

The most prevalent building size and type in Doraville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.35% owning and 53.65% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Doraville's housing was primarily built during this period, from the '40s through the '60s. A full 46.95% of the city's housing hails from this era. Other housing ages represented in Doraville include homes built between 1970-1999 ( 46.22%) and housing constructed between 2000 and later ( 5.10%). There's also some housing in Doraville built before 1939 ( 1.73%).

Vacant housing appears to be an issue in Doraville. Fully 10.79% of the housing stock is classified as vacant. Left unchecked, vacant Doraville homes and apartments can be a drag on the real estate market, holding Doraville 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.

Doraville Home Appreciation Rates

Doraville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Doraville during the period has been just -0.69%, which is lower than 70% of US communities.

Appreciation rates are so strong in Doraville that despite a nationwide downturn in the housing market, Doraville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Doraville appreciation rates continue to be some of the highest in America, at 7.67%, which is higher than appreciation rates in 89.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Doraville. Doraville appreciation rates in the latest quarter were at 2.99%, which equates to an annual appreciation rate of 12.51%.

Importantly, this makes Doraville 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 Doraville's latest annual appreciation rate is higher than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$177,606

Doraville, GA HOME PRICES

Value Range
> $1,236,000 0.2
$927,001 - $1,236,000 0.0
$618,001 - $927,000 0.5
$494,001 - $618,000 0.8
$371,001 - $494,000 1.7
$247,001 - $371,000 14.8
$124,001 - $247,000 64.3
$62,001 - $124,000 14.3
$0 - $62,000 3.5

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
40.1124319259823 22.1987315010571

Number Of Homes And Apartments:
3,200

Rent & Ownership

 

Average Market Rent:
$1,200 / per month

Homeownership Rate

Homeownership
Owners 46.35
Renters 53.65
Vacant 10.79

Housing Market Details

 

Age of Homes

AGE OF Doraville HOMES
2000 or Newer 5.1
1970 - 1999 46.2
1940 - 1969 46.9
1939 or Older 1.7

Types of Homes

TYPE OF Doraville HOMES
Single-Family 53.3
Townhomes 6.3
Small Apt. Buildings 9.9
Apt. Complexes 30.1
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Doraville HOMES
No Bedroom 1.59
1 Bedroom 17.37
2 Bedrooms 28.83
3 Bedrooms 37.97
4 Bedrooms 12.27
5 or more bedrooms 1.98

Doraville 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
18.85% 1.02% 5 2
* 10 is highest