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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 1,579, 612 total housing units (homes and apartments), and a median house value of $253,563, Lookout Mountain real estate is some of the most expensive in Georgia, although Lookout Mountain home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Lookout Mountain, accounting for 90.37% of the city's housing units. Other types of housing that are prevalent in Lookout Mountain include large apartment complexes or high rise apartments ( 6.18%), mobile homes or trailers ( 1.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.44%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lookout Mountain. Owner-occupied housing accounts for 82.91% of Lookout Mountain's homes, and 73.28% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lookout Mountain's housing was primarily built during this period, from the '40s through the '60s. A full 53.88% of the city's housing hails from this era. Other housing ages represented in Lookout Mountain include homes built between 1970-1999 ( 22.70%) and housing constructed before 1939 ( 19.11%). There's also some housing in Lookout Mountain built between 2000 and later ( 4.31%).
Vacant housing appears to be an issue in Lookout Mountain. Fully 12.07% of the housing stock is classified as vacant. Left unchecked, vacant Lookout Mountain homes and apartments can be a drag on the real estate market, holding Lookout Mountain 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.
Appreciation rates for homes in Lookout Mountain have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.79%, which ranks in the top 50% nationwide. This equates to an annual average Lookout Mountain house appreciation rate of 0.18%.
NeighborhoodScout's data show that during the latest twelve months, Lookout Mountain's appreciation rate, at 3.59%, has been at or slightly above the national average. In the latest quarter, Lookout Mountain's appreciation rate has been 1.00%, which annualizes to a rate of 4.07%.
Relative to Georgia, our data show that Lookout Mountain's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.
|$806,001 - $1,075,000||6.9|
|$537,001 - $806,000||6.5|
|$430,001 - $537,000||9.6|
|$322,001 - $430,000||17.4|
|$215,001 - $322,000||17.8|
|$107,001 - $215,000||15.8|
|$54,001 - $107,000||10.9|
|$0 - $54,000||11.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Lookout Mountain HOMES|
|2000 or Newer||4.3|
|1970 - 1999||22.7|
|1940 - 1969||53.9|
|1939 or Older||19.1|
|TYPE OF Lookout Mountain HOMES|
|Small Apt. Buildings||1.4|
|SIZE OF Lookout Mountain HOMES|
|5 or more bedrooms||13.36|