Lavonia, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lavonia, 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

Lavonia Housing Market Information

With a population of 2,165, 817 total housing units (homes and apartments), and a median house value of $112,496, house prices in Lavonia are solidly below the national average.

Single-family detached homes are the single most common housing type in Lavonia, accounting for 54.38% of the city's housing units. Other types of housing that are prevalent in Lavonia include mobile homes or trailers ( 19.11%), duplexes, homes converted to apartments or other small apartment buildings ( 18.33%), and a few large apartment complexes or high rise apartments ( 5.42%).

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

There is a lot of housing in Lavonia 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 Lavonia built between 1940-1969 ( 24.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.41%). There's also some housing in Lavonia built before 1939 ( 6.60%).

Vacant housing appears to be an issue in Lavonia. Fully 19.51% of the housing stock is classified as vacant. Left unchecked, vacant Lavonia homes and apartments can be a drag on the real estate market, holding Lavonia 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.

Lavonia Home Appreciation Rates

Lavonia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lavonia during the period has been just -1.94%, which is lower than 80% of US communities.

Over the last year, Lavonia appreciation rates have trailed the rest of the nation. In the last twelve months, Lavonia's appreciation rate has been 1.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lavonia were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Lavonia's latest annual appreciation rate is lower than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$112,496

Lavonia, GA HOME PRICES

Value Range
> $1,043,000 0.0
$782,001 - $1,043,000 0.0
$522,001 - $782,000 0.0
$417,001 - $522,000 0.0
$313,001 - $417,000 0.2
$209,001 - $313,000 9.9
$105,001 - $209,000 41.3
$52,001 - $105,000 27.1
$0 - $52,000 21.4

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
69.8523379819524 56.6596194503171

Number Of Homes And Apartments:
817

Lavonia 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
0.66% 0.04% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$773 / per month

Homeownership Rate

Homeownership
Owners 46.51
Renters 53.49
Vacant 19.51

Housing Market Details

 

Age of Homes

AGE OF Lavonia HOMES
2000 or Newer 12.4
1970 - 1999 56.8
1940 - 1969 24.1
1939 or Older 6.6

Types of Homes

TYPE OF Lavonia HOMES
Single-Family 54.4
Townhomes 2.8
Small Apt. Buildings 18.3
Apt. Complexes 5.4
Mobile Homes 19.1
Other 0.0

Home Size

SIZE OF Lavonia HOMES
No Bedroom 1.58
1 Bedroom 8.87
2 Bedrooms 41.08
3 Bedrooms 39.51
4 Bedrooms 8.37
5 or more bedrooms 0.59

Popular Neighborhoods in Lavonia

Zip Codes in Lavonia, GA