Macon, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Macon Neighborhoods Since 2000




Macon, 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

Macon Housing Market Information

With 89,981 people, 57,025 houses or apartments, and a median cost of homes of $102,317, house prices in Macon are solidly below the national average.

Single-family detached homes are the single most common housing type in Macon, accounting for 66.91% of the city's housing units. Other types of housing that are prevalent in Macon include large apartment complexes or high rise apartments ( 18.13%), duplexes, homes converted to apartments or other small apartment buildings ( 10.16%), and a few mobile homes or trailers ( 2.89%).

The most prevalent building size and type in Macon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.77% owning and 49.23% renting.

There is a lot of housing in Macon 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 Macon built between 1940-1969 ( 34.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.84%). There's also some housing in Macon built before 1939 ( 9.18%).

Vacant housing appears to be an issue in Macon. Fully 18.49% of the housing stock is classified as vacant. Left unchecked, vacant Macon homes and apartments can be a drag on the real estate market, holding Macon 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.

Macon Home Appreciation Rates

Macon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Macon during the period has been just -2.07%, which is lower than 80% of US communities.

Over the last year, Macon appreciation rates have trailed the rest of the nation. In the last twelve months, Macon's appreciation rate has been -2.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Macon were at 0.33%, which equates to an annual appreciation rate of 1.32%.

Relative to Georgia, our data show that Macon's latest annual appreciation rate is lower than 90% 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 Macon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Macon - 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 Macon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$102,317

Macon, GA HOME PRICES

Value Range
> $994,000 0.3
$746,001 - $994,000 0.5
$497,001 - $746,000 1.0
$397,001 - $497,000 2.0
$298,001 - $397,000 4.8
$199,001 - $298,000 8.1
$100,001 - $199,000 31.8
$50,001 - $100,000 33.7
$0 - $50,000 17.9

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
76.1396929567561 65.53911205074

Number Of Homes And Apartments:
57,025

Macon 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
1.56% 0.09% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,106 / per month

Homeownership Rate

Homeownership
Owners 50.77
Renters 49.23
Vacant 18.49

Housing Market Details

 

Age of Homes

AGE OF Macon HOMES
2000 or Newer 13.8
1970 - 1999 42.8
1940 - 1969 34.2
1939 or Older 9.2

Types of Homes

TYPE OF Macon HOMES
Single-Family 66.9
Townhomes 1.9
Small Apt. Buildings 10.2
Apt. Complexes 18.1
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Macon HOMES
No Bedroom 1.20
1 Bedroom 9.14
2 Bedrooms 31.19
3 Bedrooms 42.58
4 Bedrooms 12.98
5 or more bedrooms 2.91