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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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 25,782, 8,458 total housing units (homes and apartments), and a median house value of $150,528, house prices in McDonough are solidly below the national average.

Mobile homes or trailers are the single most common housing type in McDonough, accounting for 0.00% of the city's housing units.

The most prevalent building size and type in McDonough are three and four bedroom dwellings, chiefly found in mobile homes or trailers. The city has a mixture of owners and renters, with 46.53% owning and 53.47% renting.

McDonough homes and real estate are some of the newest in America. 67.04% 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 ( 24.89%), and between 1940-1969 ( 7.03%). There's also some housing in McDonough built before 1939 ( 1.04%).

McDonough Home Appreciation Rates

Real estate appreciation rates in McDonough's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.86% during the period.

Appreciation rates are so strong in McDonough that despite a nationwide downturn in the housing market, McDonough real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, McDonough appreciation rates continue to be some of the highest in America, at 5.32%, which is higher than appreciation rates in 75.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in McDonough. McDonough appreciation rates in the latest quarter were at 0.80%, which equates to an annual appreciation rate of 3.25%.

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:
$150,528

McDonough, GA HOME PRICES

Value Range
> $1,196,000 0.2
$897,001 - $1,196,000 0.6
$598,001 - $897,000 0.0
$479,001 - $598,000 1.1
$359,001 - $479,000 2.8
$239,001 - $359,000 15.3
$120,001 - $239,000 50.8
$60,001 - $120,000 22.8
$0 - $60,000 6.5

Average for GA
Average for Nation

Value Relative to Nation Value Relative to State
58.8554744525547 44.7257383966245

Number Of Homes And Apartments:
8,458

McDonough Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
18.00% 0.83%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,411 / per month

Homeownership Rate

Homeownership
Owners 46.53
Renters 53.47
Vacant 8.75

Housing Market Details

 

Age of Homes

AGE OF McDonough HOMES
2000 or Newer 67.0
1970 - 1999 24.9
1940 - 1969 7.0
1939 or Older 1.0

Types of Homes

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

Home Size

SIZE OF McDonough HOMES
No Bedroom 0.63
1 Bedroom 10.43
2 Bedrooms 28.54
3 Bedrooms 35.92
4 Bedrooms 14.88
5 or more bedrooms 9.61