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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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 29,463, 10,986 total housing units (homes and apartments), and a median house value of $315,679, 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 49.52% of the city's housing units. Other types of housing that are prevalent in Duluth include large apartment complexes or high rise apartments ( 30.44%), row houses and other attached homes ( 14.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.49%).

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 53.69% owning and 46.31% 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 ( 22.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.28%).

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 31.82% over the last ten years, which is an average annual home appreciation rate of 2.80%, 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.

NeighborhoodScout's data show that during the latest twelve months, Duluth's appreciation rate, at 5.16%, has been at or slightly above the national average. In the latest quarter, Duluth's appreciation rate has been 0.15%, which annualizes to a rate of 0.59%.

Relative to Georgia, our data show that Duluth's latest annual appreciation rate is lower than 50% 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:
$315,679

Duluth, GA HOME PRICES

Value Range
> $1,322,000 0.3
$991,001 - $1,322,000 0.5
$661,001 - $991,000 2.7
$529,001 - $661,000 3.1
$397,001 - $529,000 7.7
$264,001 - $397,000 35.4
$132,001 - $264,000 42.2
$66,001 - $132,000 6.1
$0 - $66,000 1.9

Very High for GA
Very High for Nation

Value Relative to Nation Value Relative to State
17.6759124087591 4.85232067510549

Number Of Homes And Apartments:
10,986

Duluth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
51.08% 2.17%
8
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,716 / per month

Homeownership Rate

Homeownership
Owners 53.69
Renters 46.31
Vacant 7.07

Housing Market Details

 

Age of Homes

AGE OF Duluth HOMES
2000 or Newer 22.0
1970 - 1999 72.6
1940 - 1969 5.3
1939 or Older 0.1

Types of Homes

TYPE OF Duluth HOMES
Single-Family 49.5
Townhomes 14.7
Small Apt. Buildings 4.5
Apt. Complexes 30.4
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Duluth HOMES
No Bedroom 1.34
1 Bedroom 8.60
2 Bedrooms 28.54
3 Bedrooms 37.03
4 Bedrooms 19.40
5 or more bedrooms 5.08