Ellenwood, GA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Ellenwood, GA Housing Market Trends

With a population of 35,726, 2,460 total housing units (homes and apartments), and a median house value of $221,700, Ellenwood real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ellenwood, accounting for 93.35% of the town's housing units. Other types of housing that are prevalent in Ellenwood include duplexes, homes converted to apartments or other small apartment buildings ( 1.93%), mobile homes or trailers ( 1.92%), and a few large apartment complexes or high rise apartments ( 1.89%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ellenwood. Owner-occupied housing accounts for 72.17% of Ellenwood's homes, and 82.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ellenwood 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 Ellenwood built between 2000 and later ( 29.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.02%). There's also some housing in Ellenwood built before 1939 ( 1.82%).

Ellenwood Home Appreciation Rates

In the last 10 years, Ellenwood has experienced some of the highest home appreciation rates of any community in the nation. Ellenwood real estate appreciated 75.20% over the last ten years, which is an average annual home appreciation rate of 5.77%, putting Ellenwood in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ellenwood 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, Ellenwood's appreciation rate, at 5.83%, has been at or slightly above the national average. In the latest quarter, Ellenwood's appreciation rate has been 2.13%, which annualizes to a rate of 8.78%.

Relative to Georgia, our data show that Ellenwood's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Ellenwood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ellenwood - 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 Ellenwood real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$221,700

Ellenwood, GA HOME PRICES

> $1,346,000
0.0%
0.0%
$1,009,001 - $1,346,000
0.2%
0.2%
$673,001 - $1,009,000
1.5%
1.5%
$539,001 - $673,000
2.0%
2.0%
$404,001 - $539,000
3.6%
3.6%
$269,001 - $404,000
19.6%
19.6%
$134,001 - $269,000
53.1%
53.1%
$67,001 - $134,000
16.1%
16.1%
$0 - $67,000
3.9%
3.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for GA

Value Relative To Nation

Number Of Homes And Apartments:
2,460

Ellenwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
33.64% 1.39%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,569 / per month

Homeownership Rate

Owners
72.2%
72.2%
Renters
27.8%
27.8%
Vacant
6.0%
6.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
29.2%
29.2%
1970 - 1999
58.9%
58.9%
1940 - 1969
10.0%
10.0%
1939 or Older
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
93.4%
93.4%
Townhomes
0.9%
0.9%
Small Apt. Buildings
1.9%
1.9%
Apt. Complexes
1.9%
1.9%
Mobile Homes
1.9%
1.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
0.7%
0.7%
2 Bedrooms
7.4%
7.4%
3 Bedrooms
49.9%
49.9%
4 Bedrooms
33.0%
33.0%
5 or more bedrooms
8.7%
8.7%
0.0% 100.0%
% OF HOMES