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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 34,875, 14,216 total housing units (homes and apartments), and a median house value of $176,605, East Point 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 East Point, accounting for 54.58% of the city's housing units. Other types of housing that are prevalent in East Point include large apartment complexes or high rise apartments ( 32.89%), duplexes, homes converted to apartments or other small apartment buildings ( 6.96%), and a few row houses and other attached homes ( 3.02%).
People in East Point primarily live in small (one, two or no bedroom) single-family detached homes. East Point has a mixture of owner-occupied and renter-occupied housing.
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. East Point's housing was primarily built during this period, from the '40s through the '60s. A full 43.76% of the city's housing hails from this era. Other housing ages represented in East Point include homes built between 1970-1999 ( 28.32%) and housing constructed between 2000 and later ( 21.57%). There's also some housing in East Point built before 1939 ( 6.35%).
Vacant housing appears to be an issue in East Point. Fully 19.35% of the housing stock is classified as vacant. Left unchecked, vacant East Point homes and apartments can be a drag on the real estate market, holding East Point 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.
In the last 10 years, East Point has experienced some of the highest home appreciation rates of any community in the nation. East Point real estate appreciated 68.38% over the last ten years, which is an average annual home appreciation rate of 5.35%, putting East Point in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, East Point 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, East Point's appreciation rate, at 5.77%, has been at or slightly above the national average. In the latest quarter, East Point's appreciation rate has been 2.07%, which annualizes to a rate of 8.53%.
Relative to Georgia, our data show that East Point's latest annual appreciation rate is lower 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 East Point differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East Point - 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 East Point real estate investment or home purchase decisions.
Average for Nation
High for GA
