Hiawassee, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hiawassee Neighborhoods Since 2000




Hiawassee, 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

Hiawassee Housing Market Information

With 906 people, 453 houses or apartments, and a median cost of homes of $184,190, Hiawassee real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hiawassee, accounting for 60.24% of the city's housing units. Other types of housing that are prevalent in Hiawassee include large apartment complexes or high rise apartments ( 21.01%), duplexes, homes converted to apartments or other small apartment buildings ( 11.70%), and a few row houses and other attached homes ( 4.39%).

People in Hiawassee primarily live in small (one, two or no bedroom) single-family detached homes. Hiawassee has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Hiawassee 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 Hiawassee built between 2000 and later ( 25.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.62%).

Vacant housing appears to be an issue in Hiawassee. Fully 39.76% of the housing stock is classified as vacant. Left unchecked, vacant Hiawassee homes and apartments can be a drag on the real estate market, holding Hiawassee 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.

Hiawassee Home Appreciation Rates

Homes have actually lost value in Hiawassee over the last then years, as home values have seen a decline of 21.99% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hiawassee home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

Appreciation rates are so strong in Hiawassee that despite a nationwide downturn in the housing market, Hiawassee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hiawassee appreciation rates continue to be some of the highest in America, at 7.05%, which is higher than appreciation rates in 81.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hiawassee. Hiawassee appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$184,190

Hiawassee, GA HOME PRICES

Value Range
> $1,048,000 0.8
$787,001 - $1,048,000 0.8
$525,001 - $787,000 4.5
$420,001 - $525,000 6.3
$315,001 - $420,000 13.1
$210,001 - $315,000 18.7
$105,001 - $210,000 29.3
$52,001 - $105,000 19.3
$0 - $52,000 7.3

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
36.6401031290285 19.4503171247357

Number Of Homes And Apartments:
453

Hiawassee 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
13.04% 0.71% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$765 / per month

Homeownership Rate

Homeownership
Owners 44.64
Renters 55.36
Vacant 39.76

Housing Market Details

 

Age of Homes

AGE OF Hiawassee HOMES
2000 or Newer 25.7
1970 - 1999 56.9
1940 - 1969 16.6
1939 or Older 0.8

Types of Homes

TYPE OF Hiawassee HOMES
Single-Family 60.2
Townhomes 4.4
Small Apt. Buildings 11.7
Apt. Complexes 21.0
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Hiawassee HOMES
No Bedroom 4.92
1 Bedroom 15.03
2 Bedrooms 35.37
3 Bedrooms 35.51
4 Bedrooms 7.71
5 or more bedrooms 1.46

Popular Neighborhoods in Hiawassee

Zip Codes in Hiawassee, GA