Ludowici, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ludowici, 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

Ludowici Housing Market Information

With 2,081 people, 698 houses or apartments, and a median cost of homes of $105,756, house prices in Ludowici are solidly below the national average.

Mobile homes or trailers are the single most common housing type in Ludowici, accounting for 43.23% of the city's housing units. Other types of housing that are prevalent in Ludowici include single-family detached homes ( 38.84%), large apartment complexes or high rise apartments ( 10.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.97%).

The most prevalent building size and type in Ludowici are three and four bedroom dwellings, chiefly found in mobile homes or trailers. The city has a mixture of owners and renters, with 40.48% owning and 59.52% renting.

There is a lot of housing in Ludowici 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 Ludowici built between 2000 and later ( 32.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.61%).

Ludowici Home Appreciation Rates

Real estate appreciation rates in Ludowici's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.18% during the period.

Appreciation rates are so strong in Ludowici that despite a nationwide downturn in the housing market, Ludowici real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ludowici appreciation rates continue to be some of the highest in America, at 6.42%, which is higher than appreciation rates in 77.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ludowici. Ludowici appreciation rates in the latest quarter were at -2.88%, which equates to an annual appreciation rate of -11.03%.

Notably, Ludowici's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Georgia, our data show that Ludowici's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$105,756

Ludowici, GA HOME PRICES

Value Range
> $990,000 0.0
$742,001 - $990,000 0.0
$495,001 - $742,000 0.0
$396,001 - $495,000 0.0
$297,001 - $396,000 2.9
$198,001 - $297,000 9.1
$99,001 - $198,000 40.5
$49,001 - $99,000 30.0
$0 - $49,000 17.6

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
73.778272588773 61.5221987315011

Number Of Homes And Apartments:
698

Ludowici 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
27.99% 1.44% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$906 / per month

Homeownership Rate

Homeownership
Owners 40.48
Renters 59.52
Vacant 9.94

Housing Market Details

 

Age of Homes

AGE OF Ludowici HOMES
2000 or Newer 32.3
1970 - 1999 43.4
1940 - 1969 23.6
1939 or Older 0.8

Types of Homes

TYPE OF Ludowici HOMES
Single-Family 38.8
Townhomes 0.6
Small Apt. Buildings 7.0
Apt. Complexes 10.3
Mobile Homes 43.2
Other 0.0

Home Size

SIZE OF Ludowici HOMES
No Bedroom 2.32
1 Bedroom 9.94
2 Bedrooms 34.45
3 Bedrooms 31.23
4 Bedrooms 18.19
5 or more bedrooms 3.87

Popular Neighborhoods in Ludowici

Zip Codes in Ludowici, GA