Lavonia, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lavonia, GA Real Estate Data


Lavonia Housing Market Information

With 2,165 people, 827 houses or apartments, and a median cost of homes of $118,083, 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 51.43% of the city's housing units. Other types of housing that are prevalent in Lavonia include mobile homes or trailers ( 24.00%), duplexes, homes converted to apartments or other small apartment buildings ( 14.91%), and a few large apartment complexes or high rise apartments ( 7.74%).

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 ( 28.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.81%). There's also some housing in Lavonia built before 1939 ( 8.60%).

Vacant housing appears to be an issue in Lavonia. Fully 20.94% 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 -1.48%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lavonia's appreciation rate, at 5.08%, has been at or slightly above the national average. In the latest quarter, Lavonia's appreciation rate has been 1.23%, which annualizes to a rate of 5.00%.

Relative to Georgia, our data show that Lavonia's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$118,083

Lavonia, GA HOME PRICES

Value Range
> $1,073,000 0.0
$805,001 - $1,073,000 0.0
$536,001 - $805,000 0.1
$429,001 - $536,000 0.0
$322,001 - $429,000 0.7
$214,001 - $322,000 10.8
$107,001 - $214,000 43.2
$53,001 - $107,000 25.8
$0 - $53,000 19.4

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
67.500146395737 54.5454545454545

Number Of Homes And Apartments:
827

Rent & Ownership

 

Average Market Rent:
$847 / per month

Homeownership Rate

Homeownership
Owners 40.15
Renters 59.85
Vacant 20.94

Housing Market Details

 

Age of Homes

AGE OF Lavonia HOMES
2000 or Newer 12.8
1970 - 1999 50.3
1940 - 1969 28.3
1939 or Older 8.6

Types of Homes

TYPE OF Lavonia HOMES
Single-Family 51.4
Townhomes 1.9
Small Apt. Buildings 14.9
Apt. Complexes 7.7
Mobile Homes 24.0
Other 0.0

Home Size

SIZE OF Lavonia HOMES
No Bedroom 1.53
1 Bedroom 5.45
2 Bedrooms 49.52
3 Bedrooms 38.05
4 Bedrooms 4.88
5 or more bedrooms 0.57

Lavonia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
10.00% 0.56% 2 1
* 10 is highest

Popular Neighborhoods in Lavonia

Zip Codes in Lavonia, GA