Duluth, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Duluth Neighborhoods Since 2000




Duluth, 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

Duluth Housing Market Information

With a population of 29,193, 10,823 total housing units (homes and apartments), and a median house value of $273,281, Duluth real estate is some of the most expensive in Georgia, although Duluth home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Duluth, accounting for 47.84% of the city's housing units. Other types of housing that are prevalent in Duluth include large apartment complexes or high rise apartments ( 30.94%), row houses and other attached homes ( 16.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.20%).

The most prevalent building size and type in Duluth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.16% owning and 48.84% renting.

There is a lot of housing in Duluth 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 Duluth built between 2000 and later ( 22.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.58%).

Duluth Home Appreciation Rates

Appreciation rates for homes in Duluth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.63%, which ranks in the top 50% nationwide. This equates to an annual average Duluth house appreciation rate of 0.26%.

Appreciation rates are so strong in Duluth that despite a nationwide downturn in the housing market, Duluth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Duluth appreciation rates continue to be some of the highest in America, at 6.70%, which is higher than appreciation rates in 79.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Duluth. Duluth appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Duluth's latest annual appreciation rate is higher than 70% 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 Duluth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Duluth - 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 Duluth real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$273,281

Duluth, GA HOME PRICES

Value Range
> $1,287,000 1.9
$966,001 - $1,287,000 2.4
$644,001 - $966,000 4.3
$515,001 - $644,000 1.1
$386,001 - $515,000 8.1
$258,001 - $386,000 27.6
$129,001 - $258,000 42.7
$65,001 - $129,000 9.7
$0 - $65,000 2.2

Very High for GA
Very High for Nation

Value Relative to Nation Value Relative to State
19.3191140278917 4.65116279069767

Number Of Homes And Apartments:
10,823

Duluth 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
26.85% 1.39% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,401 / per month

Homeownership Rate

Homeownership
Owners 51.16
Renters 48.84
Vacant 6.66

Housing Market Details

 

Age of Homes

AGE OF Duluth HOMES
2000 or Newer 22.0
1970 - 1999 71.9
1940 - 1969 5.6
1939 or Older 0.5

Types of Homes

TYPE OF Duluth HOMES
Single-Family 47.8
Townhomes 16.3
Small Apt. Buildings 4.2
Apt. Complexes 30.9
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Duluth HOMES
No Bedroom 1.47
1 Bedroom 9.76
2 Bedrooms 26.62
3 Bedrooms 38.97
4 Bedrooms 17.74
5 or more bedrooms 5.43