Hartwell, 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 Q1 2021. 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

Hartwell, GA Housing Market Trends

With a population of 4,437, 1,592 total housing units (homes and apartments), and a median house value of $197,658, 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 75.78% of the city's housing units. Other types of housing that are prevalent in Hartwell include large apartment complexes or high rise apartments ( 8.98%), duplexes, homes converted to apartments or other small apartment buildings ( 7.38%), and a few row houses and other attached homes ( 4.81%).

The most prevalent building size and type in Hartwell are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.62% owning and 53.38% renting.

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 41.12% of the city's housing hails from this era. Other housing ages represented in Hartwell include homes built between 1970-1999 ( 31.60%) and housing constructed before 1939 ( 16.04%). There's also some housing in Hartwell built between 2000 and later ( 11.23%).

Vacant housing appears to be an issue in Hartwell. Fully 14.87% 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.

Hartwell Home Appreciation Rates

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 2.71% during the period.

Over the last year, Hartwell appreciation rates have trailed the rest of the nation. In the last twelve months, Hartwell's appreciation rate has been 5.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hartwell were at 1.84%, which equates to an annual appreciation rate of 7.55%.

Relative to Georgia, our data show that Hartwell's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$197,658

Hartwell, GA HOME PRICES

> $1,256,000
0.5%
0.5%
$942,001 - $1,256,000
1.0%
1.0%
$628,001 - $942,000
2.5%
2.5%
$503,001 - $628,000
5.5%
5.5%
$377,001 - $503,000
9.7%
9.7%
$251,001 - $377,000
14.9%
14.9%
$126,001 - $251,000
23.2%
23.2%
$63,001 - $126,000
28.7%
28.7%
$0 - $63,000
14.0%
14.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for GA

Value Relative To Nation

Number Of Homes And Apartments:
1,592

Hartwell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
54.29% 2.06%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,128 / per month

Homeownership Rate

Owners
46.6%
46.6%
Renters
53.4%
53.4%
Vacant
14.9%
14.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.2%
11.2%
1970 - 1999
31.6%
31.6%
1940 - 1969
41.1%
41.1%
1939 or Older
16.0%
16.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.8%
75.8%
Townhomes
4.8%
4.8%
Small Apt. Buildings
7.4%
7.4%
Apt. Complexes
9.0%
9.0%
Mobile Homes
3.0%
3.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
9.1%
9.1%
2 Bedrooms
36.0%
36.0%
3 Bedrooms
31.7%
31.7%
4 Bedrooms
18.9%
18.9%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Hartwell

Zip Codes in Hartwell, GA