Hiram, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hiram, GA Real Estate Data


Hiram Housing Market Information

With 3,792 people, 1,496 houses or apartments, and a median cost of homes of $143,530, Hiram 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 Hiram, accounting for 62.32% of the city's housing units. Other types of housing that are prevalent in Hiram include row houses and other attached homes ( 21.73%), duplexes, homes converted to apartments or other small apartment buildings ( 14.98%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hiram. Owner-occupied housing accounts for 65.45% of Hiram's homes, and 68.68% have either three or four bedrooms, which is average sized relative to America.

Hiram homes and real estate are some of the newest in America. 59.79% of Hiram's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hiram real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.60%), and between 1940-1969 ( 3.57%). There's also some housing in Hiram built before 1939 ( 1.04%).

Hiram Home Appreciation Rates

Real estate appreciation rates in Hiram's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.80% during the period.

Over the last year, Hiram appreciation rates have trailed the rest of the nation. In the last twelve months, Hiram's appreciation rate has been 1.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hiram were at -0.61%, which equates to an annual appreciation rate of -2.43%.

Notably, Hiram's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$143,530

Hiram, GA HOME PRICES

Value Range
> $1,299,000 0.0
$975,001 - $1,299,000 0.1
$650,001 - $975,000 0.0
$520,001 - $650,000 0.5
$390,001 - $520,000 0.8
$260,001 - $390,000 8.9
$130,001 - $260,000 54.8
$65,001 - $130,000 26.8
$0 - $65,000 8.0

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
52.6602601664128 35.3065539112051

Number Of Homes And Apartments:
1,496

Rent & Ownership

 

Average Market Rent:
$1,337 / per month

Homeownership Rate

Homeownership
Owners 65.45
Renters 34.55
Vacant 2.98

Housing Market Details

 

Age of Homes

AGE OF Hiram HOMES
2000 or Newer 59.8
1970 - 1999 35.6
1940 - 1969 3.6
1939 or Older 1.0

Types of Homes

TYPE OF Hiram HOMES
Single-Family 62.3
Townhomes 21.7
Small Apt. Buildings 15.0
Apt. Complexes 0.0
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Hiram HOMES
No Bedroom 7.65
1 Bedroom 2.72
2 Bedrooms 17.70
3 Bedrooms 55.38
4 Bedrooms 13.29
5 or more bedrooms 3.24

Hiram Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
6.28% 0.35% 2 1
* 10 is highest