Duluth, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Duluth Housing Market Information

With 29,463 people, 11,125 houses or apartments, and a median cost of homes of $310,851, 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 49.00% of the city's housing units. Other types of housing that are prevalent in Duluth include large apartment complexes or high rise apartments ( 30.88%), row houses and other attached homes ( 14.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.45%).

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 52.40% owning and 47.60% 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 ( 21.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.46%).

Duluth Home Appreciation Rates

In the last 10 years, Duluth has experienced some of the highest home appreciation rates of any community in the nation. Duluth real estate appreciated 31.00% over the last ten years, which is an average annual home appreciation rate of 2.74%, putting Duluth in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Duluth definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 9.86%, which is higher than appreciation rates in 92.46% 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 2.68%, which equates to an annual appreciation rate of 11.17%.

Relative to Georgia, our data show that Duluth's latest annual appreciation rate is higher than 80% 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:
$310,851

Duluth, GA HOME PRICES

Value Range
> $1,445,000 1.3
$1,084,001 - $1,445,000 3.4
$723,001 - $1,084,000 4.9
$578,001 - $723,000 1.9
$434,001 - $578,000 8.2
$289,001 - $434,000 27.3
$144,001 - $289,000 42.2
$72,001 - $144,000 8.5
$0 - $72,000 2.3

Very High for GA
Very High for Nation

Value Relative to Nation Value Relative to State
18.2656934306569 5.06329113924051

Number Of Homes And Apartments:
11,125

Duluth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
50.84% 2.22%
8
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,631 / per month

Homeownership Rate

Homeownership
Owners 52.40
Renters 47.60
Vacant 6.58

Housing Market Details

 

Age of Homes

AGE OF Duluth HOMES
2000 or Newer 21.5
1970 - 1999 72.5
1940 - 1969 5.5
1939 or Older 0.6

Types of Homes

TYPE OF Duluth HOMES
Single-Family 49.0
Townhomes 14.9
Small Apt. Buildings 4.5
Apt. Complexes 30.9
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Duluth HOMES
No Bedroom 1.83
1 Bedroom 9.29
2 Bedrooms 27.48
3 Bedrooms 38.12
4 Bedrooms 18.78
5 or more bedrooms 4.50