Lookout Mountain, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lookout Mountain Neighborhoods Since 2000




Lookout Mountain, 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

Lookout Mountain Housing Market Information

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.

Lookout Mountain Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$253,563

Lookout Mountain, GA HOME PRICES

Value Range
> $1,075,000 3.5
$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

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
21.9676549865229 6.34249471458774

Number Of Homes And Apartments:
612

Lookout Mountain 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
50.89% 2.41% 10 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,269 / per month

Homeownership Rate

Homeownership
Owners 82.91
Renters 17.09
Vacant 12.07

Housing Market Details

 

Age of Homes

AGE OF Lookout Mountain HOMES
2000 or Newer 4.3
1970 - 1999 22.7
1940 - 1969 53.9
1939 or Older 19.1

Types of Homes

TYPE OF Lookout Mountain HOMES
Single-Family 90.4
Townhomes 0.4
Small Apt. Buildings 1.4
Apt. Complexes 6.2
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Lookout Mountain HOMES
No Bedroom 0.00
1 Bedroom 3.59
2 Bedrooms 9.77
3 Bedrooms 37.64
4 Bedrooms 35.63
5 or more bedrooms 13.36

Popular Neighborhoods in Lookout Mountain

Zip Codes in Lookout Mountain, GA