East Point GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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East Point, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

East Point Housing Market Information

With 34,875 people, 14,039 houses or apartments, and a median cost of homes of $164,261, house prices in East Point are solidly below the national average.

Mobile homes or trailers are the single most common housing type in East Point, accounting for 0.00% of the city's housing units.

People in East Point primarily live in small (one, two or no bedroom) mobile homes or trailers. 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 44.26% of the city's housing hails from this era. Other housing ages represented in East Point include homes built between 1970-1999 ( 28.34%) and housing constructed between 2000 and later ( 20.75%). There's also some housing in East Point built before 1939 ( 6.65%).

Vacant housing appears to be an issue in East Point. Fully 20.22% 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.

East Point Home Appreciation Rates

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 56.38% over the last ten years, which is an average annual home appreciation rate of 4.57%, 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 4.27%, has been at or slightly above the national average. In the latest quarter, East Point's appreciation rate has been 1.14%, which annualizes to a rate of 4.63%.

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 Home Values

 

Median Home Value:
$164,261

East Point, GA HOME PRICES

Value Range
> $1,404,000 0.3
$1,052,001 - $1,404,000 0.8
$702,001 - $1,052,000 0.2
$561,001 - $702,000 0.4
$421,001 - $561,000 2.6
$281,001 - $421,000 9.6
$141,001 - $281,000 39.9
$70,001 - $141,000 36.6
$0 - $70,000 9.7

Average for GA
Average for Nation

Value Relative to Nation Value Relative to State
55.5795620437956 40.7172995780591

Number Of Homes And Apartments:
14,039

East Point Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
40.10% 1.64%
4
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,363 / per month

Homeownership Rate

Homeownership
Owners 39.96
Renters 60.04
Vacant 20.22

Housing Market Details

 

Age of Homes

AGE OF East Point HOMES
2000 or Newer 20.8
1970 - 1999 28.3
1940 - 1969 44.3
1939 or Older 6.7

Types of Homes

TYPE OF East Point HOMES
Single-Family 0.0
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF East Point HOMES
No Bedroom 2.20
1 Bedroom 11.38
2 Bedrooms 36.74
3 Bedrooms 34.61
4 Bedrooms 11.54
5 or more bedrooms 3.53