Lilburn, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lilburn, GA Real Estate Data


Lilburn Housing Market Information

With a population of 12,655, 3,909 total housing units (homes and apartments), and a median house value of $189,007, Lilburn real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lilburn, accounting for 75.87% of the city's housing units. Other types of housing that are prevalent in Lilburn include large apartment complexes or high rise apartments ( 14.24%), duplexes, homes converted to apartments or other small apartment buildings ( 5.94%), and a few row houses and other attached homes ( 3.67%).

The most prevalent building size and type in Lilburn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.81% owning and 35.19% renting.

There is a lot of housing in Lilburn 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 Lilburn built between 2000 and later ( 13.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.45%). There's also some housing in Lilburn built before 1939 ( 1.33%).

Lilburn Home Appreciation Rates

Lilburn's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lilburn during the period has been just -0.90%, which is lower than 70% of US communities.

Appreciation rates are so strong in Lilburn that despite a nationwide downturn in the housing market, Lilburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lilburn appreciation rates continue to be some of the highest in America, at 7.52%, which is higher than appreciation rates in 88.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lilburn. Lilburn appreciation rates in the latest quarter were at 2.99%, which equates to an annual appreciation rate of 12.51%.

Importantly, this makes Lilburn one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lilburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lilburn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lilburn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$189,007

Lilburn, GA HOME PRICES

Value Range
> $1,300,000 0.3
$975,001 - $1,300,000 0.1
$650,001 - $975,000 0.5
$520,001 - $650,000 0.3
$390,001 - $520,000 7.2
$260,001 - $390,000 14.3
$130,001 - $260,000 47.2
$65,001 - $130,000 26.4
$0 - $65,000 3.7

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
36.1363237102536 19.2389006342495

Number Of Homes And Apartments:
3,909

Rent & Ownership

 

Average Market Rent:
$1,251 / per month

Homeownership Rate

Homeownership
Owners 64.81
Renters 35.19
Vacant 8.58

Housing Market Details

 

Age of Homes

AGE OF Lilburn HOMES
2000 or Newer 13.6
1970 - 1999 74.6
1940 - 1969 10.5
1939 or Older 1.3

Types of Homes

TYPE OF Lilburn HOMES
Single-Family 75.9
Townhomes 3.7
Small Apt. Buildings 5.9
Apt. Complexes 14.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Lilburn HOMES
No Bedroom 1.24
1 Bedroom 7.95
2 Bedrooms 16.56
3 Bedrooms 44.69
4 Bedrooms 20.58
5 or more bedrooms 8.98

Lilburn 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
11.34% 0.63% 3 1
* 10 is highest