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
With a population of 33,608, 2,215 total housing units (homes and apartments), and a median house value of $159,431, Ellenwood 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 Ellenwood, accounting for 93.68% of the town's housing units. Other types of housing that are prevalent in Ellenwood include large apartment complexes or high rise apartments ( 2.07%), duplexes, homes converted to apartments or other small apartment buildings ( 1.72%), and a few mobile homes or trailers ( 1.33%).
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 79.16% of Ellenwood's homes, and 78.92% 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 ( 36.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.89%). There's also some housing in Ellenwood built before 1939 ( 1.60%).
Vacant housing appears to be an issue in Ellenwood. Fully 11.38% of the housing stock is classified as vacant. Left unchecked, vacant Ellenwood homes and apartments can be a drag on the real estate market, holding Ellenwood 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.
Homes have actually lost value in Ellenwood over the last then years, as home values have seen a decline of 22.98% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ellenwood home appreciation rates at 1.10%, which equates to an annual appreciation rate of 4.47%.
Appreciation rates are so strong in Ellenwood that despite a nationwide downturn in the housing market, Ellenwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ellenwood appreciation rates continue to be some of the highest in America, at 9.50%, which is higher than appreciation rates in 92.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ellenwood. Ellenwood appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.
Relative to Georgia, our data show that Ellenwood's latest annual appreciation rate is higher than 90% 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.
|$983,001 - $1,310,000||0.0|
|$655,001 - $983,000||0.7|
|$524,001 - $655,000||1.6|
|$393,001 - $524,000||3.5|
|$262,001 - $393,000||12.4|
|$131,001 - $262,000||46.4|
|$65,001 - $131,000||28.3|
|$0 - $65,000||7.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Ellenwood HOMES|
|2000 or Newer||36.2|
|1970 - 1999||53.3|
|1940 - 1969||8.9|
|1939 or Older||1.6|
|TYPE OF Ellenwood HOMES|
|Small Apt. Buildings||1.7|
|SIZE OF Ellenwood HOMES|
|5 or more bedrooms||14.46|