Ellaville, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ellaville, 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

Ellaville Housing Market Information

With a population of 1,879, 766 total housing units (homes and apartments), and a median house value of $103,260, house prices in Ellaville are solidly below the national average.

Single-family detached homes are the single most common housing type in Ellaville, accounting for 60.97% of the city's housing units. Other types of housing that are prevalent in Ellaville include mobile homes or trailers ( 23.26%), duplexes, homes converted to apartments or other small apartment buildings ( 9.48%), and a few large apartment complexes or high rise apartments ( 5.84%).

The most prevalent building size and type in Ellaville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.50% owning and 44.50% renting.

There is a lot of housing in Ellaville 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 Ellaville built between 1940-1969 ( 22.60%). A lesser amount of the housing stock also hails from before 1939 ( 10.14%). There's also some housing in Ellaville built between 2000 and later ( 8.49%).

Vacant housing appears to be an issue in Ellaville. Fully 15.55% of the housing stock is classified as vacant. Left unchecked, vacant Ellaville homes and apartments can be a drag on the real estate market, holding Ellaville 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.

Ellaville Home Appreciation Rates

Appreciation rates for homes in Ellaville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.51%, which ranks in the top 50% nationwide. This equates to an annual average Ellaville house appreciation rate of 0.15%.

NeighborhoodScout's data show that during the latest twelve months, Ellaville's appreciation rate, at 4.24%, has been at or slightly above the national average. In the latest quarter, Ellaville's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Georgia, our data show that Ellaville's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$103,260

Ellaville, GA HOME PRICES

Value Range
> $1,130,000 0.0
$848,001 - $1,130,000 0.0
$565,001 - $848,000 0.0
$452,001 - $565,000 0.9
$339,001 - $452,000 1.6
$226,001 - $339,000 12.0
$113,001 - $226,000 31.9
$56,001 - $113,000 26.0
$0 - $56,000 27.6

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
75.4951365287707 64.4820295983087

Number Of Homes And Apartments:
766

Ellaville 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
48.02% 2.30% 10 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$735 / per month

Homeownership Rate

Homeownership
Owners 55.50
Renters 44.50
Vacant 15.55

Housing Market Details

 

Age of Homes

AGE OF Ellaville HOMES
2000 or Newer 8.5
1970 - 1999 58.8
1940 - 1969 22.6
1939 or Older 10.1

Types of Homes

TYPE OF Ellaville HOMES
Single-Family 61.0
Townhomes 0.4
Small Apt. Buildings 9.5
Apt. Complexes 5.8
Mobile Homes 23.3
Other 0.0

Home Size

SIZE OF Ellaville HOMES
No Bedroom 1.21
1 Bedroom 4.63
2 Bedrooms 32.19
3 Bedrooms 52.59
4 Bedrooms 6.50
5 or more bedrooms 2.87

Popular Neighborhoods in Ellaville

Zip Codes in Ellaville, GA