McDonough, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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McDonough, 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

McDonough Housing Market Information

With a population of 23,417, 8,576 total housing units (homes and apartments), and a median house value of $141,595, McDonough real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in McDonough, accounting for 56.28% of the city's housing units. Other types of housing that are prevalent in McDonough include large apartment complexes or high rise apartments ( 32.47%), row houses and other attached homes ( 6.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.41%).

The most prevalent building size and type in McDonough are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.33% owning and 55.67% renting.

McDonough homes and real estate are some of the newest in America. 62.00% of McDonough's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the McDonough real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.94%), and between 1940-1969 ( 6.34%). There's also some housing in McDonough built before 1939 ( 2.73%).

Vacant housing appears to be an issue in McDonough. Fully 10.41% of the housing stock is classified as vacant. Left unchecked, vacant McDonough homes and apartments can be a drag on the real estate market, holding McDonough 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.

McDonough Home Appreciation Rates

McDonough's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in McDonough during the period has been just -1.70%, which is lower than 80% of US communities.

Over the last year, McDonough appreciation rates have trailed the rest of the nation. In the last twelve months, McDonough's appreciation rate has been 2.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McDonough were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that McDonough's latest annual appreciation rate is lower than 60% 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 McDonough differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in McDonough - 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 McDonough real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$141,595

McDonough, GA HOME PRICES

Value Range
> $1,221,000 0.1
$916,001 - $1,221,000 0.4
$611,001 - $916,000 0.4
$488,001 - $611,000 1.0
$366,001 - $488,000 3.2
$244,001 - $366,000 9.0
$122,001 - $244,000 53.3
$61,001 - $122,000 24.8
$0 - $61,000 7.9

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
54.0665651001992 38.6892177589852

Number Of Homes And Apartments:
8,576

McDonough 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
0.38% 0.02% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,209 / per month

Homeownership Rate

Homeownership
Owners 44.33
Renters 55.67
Vacant 10.41

Housing Market Details

 

Age of Homes

AGE OF McDonough HOMES
2000 or Newer 62.0
1970 - 1999 28.9
1940 - 1969 6.3
1939 or Older 2.7

Types of Homes

TYPE OF McDonough HOMES
Single-Family 56.3
Townhomes 6.8
Small Apt. Buildings 4.4
Apt. Complexes 32.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF McDonough HOMES
No Bedroom 0.22
1 Bedroom 10.04
2 Bedrooms 26.51
3 Bedrooms 41.53
4 Bedrooms 15.71
5 or more bedrooms 5.99