Fitzgerald, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fitzgerald Neighborhoods Since 2000




Fitzgerald, 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

Fitzgerald Housing Market Information

With 9,013 people, 3,252 houses or apartments, and a median cost of homes of $75,542, house prices in Fitzgerald are some of the most affordable in Georgia as well as the nation.

Single-family detached homes are the single most common housing type in Fitzgerald, accounting for 69.11% of the city's housing units. Other types of housing that are prevalent in Fitzgerald include duplexes, homes converted to apartments or other small apartment buildings ( 12.20%), large apartment complexes or high rise apartments ( 11.27%), and a few mobile homes or trailers ( 6.48%).

The most prevalent building size and type in Fitzgerald are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.07% owning and 50.93% renting.

There is a lot of housing in Fitzgerald 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 Fitzgerald built between 1940-1969 ( 35.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.28%). There's also some housing in Fitzgerald built before 1939 ( 6.11%).

Vacant housing appears to be an issue in Fitzgerald. Fully 19.82% of the housing stock is classified as vacant. Left unchecked, vacant Fitzgerald homes and apartments can be a drag on the real estate market, holding Fitzgerald 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.

Fitzgerald Home Appreciation Rates

Real estate appreciation rates in Fitzgerald's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.46% during the period.

Over the last year, Fitzgerald appreciation rates have trailed the rest of the nation. In the last twelve months, Fitzgerald's appreciation rate has been 1.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fitzgerald were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Fitzgerald's latest annual appreciation rate is lower than 80% 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 Fitzgerald differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fitzgerald - 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 Fitzgerald real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$75,542

Fitzgerald, GA HOME PRICES

Value Range
> $1,030,000 0.3
$772,001 - $1,030,000 0.3
$515,001 - $772,000 0.0
$412,001 - $515,000 0.0
$309,001 - $412,000 1.1
$206,001 - $309,000 6.3
$103,001 - $206,000 26.8
$51,001 - $103,000 43.7
$0 - $51,000 21.3

Very Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
92.8864408765967 86.6807610993658

Number Of Homes And Apartments:
3,252

Fitzgerald 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
33.81% 1.70% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$770 / per month

Homeownership Rate

Homeownership
Owners 49.07
Renters 50.93
Vacant 19.82

Housing Market Details

 

Age of Homes

AGE OF Fitzgerald HOMES
2000 or Newer 14.3
1970 - 1999 44.3
1940 - 1969 35.3
1939 or Older 6.1

Types of Homes

TYPE OF Fitzgerald HOMES
Single-Family 69.1
Townhomes 0.9
Small Apt. Buildings 12.2
Apt. Complexes 11.3
Mobile Homes 6.5
Other 0.0

Home Size

SIZE OF Fitzgerald HOMES
No Bedroom 1.65
1 Bedroom 5.67
2 Bedrooms 27.39
3 Bedrooms 56.76
4 Bedrooms 8.09
5 or more bedrooms 0.44

Popular Communities Near Fitzgerald, GA

Zip Codes in Fitzgerald, GA