Lilburn, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lilburn Neighborhoods Since 2000




Lilburn, 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

Lilburn Housing Market Information

With 12,655 people, 3,977 houses or apartments, and a median cost of homes of $137,731, house prices in Lilburn are solidly below the national average.

Single-family detached homes are the single most common housing type in Lilburn, accounting for 74.03% of the city's housing units. Other types of housing that are prevalent in Lilburn include large apartment complexes or high rise apartments ( 15.44%), duplexes, homes converted to apartments or other small apartment buildings ( 6.36%), and a few row houses and other attached homes ( 3.89%).

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 63.69% owning and 36.31% 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 ( 12.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.57%). There's also some housing in Lilburn built before 1939 ( 1.42%).

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 -1.05%, 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 5.99%, which is higher than appreciation rates in 73.99% 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 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Lilburn's latest annual appreciation rate is higher than 60% 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:
$137,731

Lilburn, GA HOME PRICES

Value Range
> $1,240,000 0.2
$930,001 - $1,240,000 0.0
$620,001 - $930,000 0.8
$496,001 - $620,000 0.4
$372,001 - $496,000 6.5
$248,001 - $372,000 14.1
$124,001 - $248,000 48.3
$62,001 - $124,000 24.9
$0 - $62,000 4.8

Average for GA
Average for Nation

Value Relative to Nation Value Relative to State
55.8947615141216 41.4376321353066

Number Of Homes And Apartments:
3,977

Lilburn 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
12.17% 0.67% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,257 / per month

Homeownership Rate

Homeownership
Owners 63.69
Renters 36.31
Vacant 7.36

Housing Market Details

 

Age of Homes

AGE OF Lilburn HOMES
2000 or Newer 12.0
1970 - 1999 79.0
1940 - 1969 7.6
1939 or Older 1.4

Types of Homes

TYPE OF Lilburn HOMES
Single-Family 74.0
Townhomes 3.9
Small Apt. Buildings 6.4
Apt. Complexes 15.4
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Lilburn HOMES
No Bedroom 1.09
1 Bedroom 7.34
2 Bedrooms 16.61
3 Bedrooms 43.61
4 Bedrooms 23.41
5 or more bedrooms 7.94