Macon, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Macon Neighborhoods Since 2000




Macon, GA Real Estate Data


Macon Housing Market Information

With 89,981 people, 1,571 houses or apartments, and a median cost of homes of $123,217, 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 68.05% of the city's housing units. Other types of housing that are prevalent in Macon include large apartment complexes or high rise apartments ( 16.44%), duplexes, homes converted to apartments or other small apartment buildings ( 9.18%), and a few mobile homes or trailers ( 4.63%).

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 52.46% owning and 47.54% 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 ( 33.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.67%). There's also some housing in Macon built before 1939 ( 6.89%).

Vacant housing appears to be an issue in Macon. Fully 18.11% 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 -1.17%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Macon's appreciation rate, at 4.51%, has been at or slightly above the national average. In the latest quarter, Macon's appreciation rate has been 2.96%, which annualizes to a rate of 12.39%.

Importantly, this makes Macon one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Macon's latest annual appreciation rate is lower than 70% 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:
$123,217

Macon, GA HOME PRICES

Value Range
> $1,007,000 0.4
$755,001 - $1,007,000 0.5
$503,001 - $755,000 1.3
$403,001 - $503,000 2.4
$302,001 - $403,000 4.4
$201,001 - $302,000 8.3
$101,001 - $201,000 32.5
$50,001 - $101,000 32.5
$0 - $50,000 17.8

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
64.496105873397 51.1627906976744

Number Of Homes And Apartments:
1,571

Rent & Ownership

 

Average Market Rent:
$949 / per month

Homeownership Rate

Homeownership
Owners 52.46
Renters 47.54
Vacant 18.11

Housing Market Details

 

Age of Homes

AGE OF Macon HOMES
2000 or Newer 13.7
1970 - 1999 46.2
1940 - 1969 33.2
1939 or Older 6.9

Types of Homes

TYPE OF Macon HOMES
Single-Family 68.0
Townhomes 1.7
Small Apt. Buildings 9.2
Apt. Complexes 16.4
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Macon HOMES
No Bedroom 1.00
1 Bedroom 8.17
2 Bedrooms 30.63
3 Bedrooms 43.79
4 Bedrooms 13.36
5 or more bedrooms 3.06

Macon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
8.95% 0.51% 2 1
* 10 is highest