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 4,514, 1,678 total housing units (homes and apartments), and a median house value of $139,955, Hartwell 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 Hartwell, accounting for 79.27% of the city's housing units. Other types of housing that are prevalent in Hartwell include mobile homes or trailers ( 6.97%), duplexes, homes converted to apartments or other small apartment buildings ( 6.34%), and a few row houses and other attached homes ( 5.23%).
People in Hartwell primarily live in small (one, two or no bedroom) single-family detached homes. Hartwell 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. Hartwell's housing was primarily built during this period, from the '40s through the '60s. A full 36.51% of the city's housing hails from this era. Other housing ages represented in Hartwell include homes built between 1970-1999 ( 35.59%) and housing constructed before 1939 ( 14.24%). There's also some housing in Hartwell built between 2000 and later ( 13.66%).
Vacant housing appears to be an issue in Hartwell. Fully 18.74% of the housing stock is classified as vacant. Left unchecked, vacant Hartwell homes and apartments can be a drag on the real estate market, holding Hartwell 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.
Real estate appreciation rates in Hartwell's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.30% during the period.
Appreciation rates are so strong in Hartwell that despite a nationwide downturn in the housing market, Hartwell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hartwell appreciation rates continue to be some of the highest in America, at 9.09%, which is higher than appreciation rates in 91.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hartwell. Hartwell appreciation rates in the latest quarter were at 1.93%, which equates to an annual appreciation rate of 7.93%.
Importantly, this makes Hartwell one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Georgia, our data show that Hartwell's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.
|$862,001 - $1,149,000||0.8|
|$574,001 - $862,000||0.9|
|$460,001 - $574,000||1.8|
|$345,001 - $460,000||2.9|
|$230,001 - $345,000||13.4|
|$115,001 - $230,000||35.6|
|$57,001 - $115,000||23.1|
|$0 - $57,000||19.3|
|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 Hartwell HOMES|
|2000 or Newer||13.7|
|1970 - 1999||35.6|
|1940 - 1969||36.5|
|1939 or Older||14.2|
|TYPE OF Hartwell HOMES|
|Small Apt. Buildings||6.3|
|SIZE OF Hartwell HOMES|
|5 or more bedrooms||6.44|