Metter, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Metter, 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

Metter Housing Market Information

With a population of 4,111, 1,513 total housing units (homes and apartments), and a median house value of $118,236, house prices in Metter are solidly below the national average.

Single-family detached homes are the single most common housing type in Metter, accounting for 55.67% of the city's housing units. Other types of housing that are prevalent in Metter include mobile homes or trailers ( 25.08%), duplexes, homes converted to apartments or other small apartment buildings ( 14.29%), and a few row houses and other attached homes ( 2.56%).

The most prevalent building size and type in Metter are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.20% owning and 55.80% renting.

There is a lot of housing in Metter 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 Metter built between 1940-1969 ( 20.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.98%). There's also some housing in Metter built before 1939 ( 9.43%).

Vacant housing appears to be an issue in Metter. Fully 17.50% of the housing stock is classified as vacant. Left unchecked, vacant Metter homes and apartments can be a drag on the real estate market, holding Metter 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.

Metter Home Appreciation Rates

Metter's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Metter during the period has been just -1.26%, which is lower than 70% of US communities.

Appreciation rates are so strong in Metter that despite a nationwide downturn in the housing market, Metter real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Metter appreciation rates continue to be some of the highest in America, at 5.95%, which is higher than appreciation rates in 73.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Metter. Metter appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Metter's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$118,236

Metter, GA HOME PRICES

Value Range
> $1,118,000 1.7
$838,001 - $1,118,000 0.3
$559,001 - $838,000 5.0
$447,001 - $559,000 0.6
$335,001 - $447,000 3.1
$224,001 - $335,000 13.4
$112,001 - $224,000 24.7
$56,001 - $112,000 24.1
$0 - $56,000 27.0

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
66.5065041603188 52.2198731501057

Number Of Homes And Apartments:
1,513

Metter 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
16.72% 0.90% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$661 / per month

Homeownership Rate

Homeownership
Owners 44.20
Renters 55.80
Vacant 17.50

Housing Market Details

 

Age of Homes

AGE OF Metter HOMES
2000 or Newer 13.0
1970 - 1999 56.9
1940 - 1969 20.7
1939 or Older 9.4

Types of Homes

TYPE OF Metter HOMES
Single-Family 55.7
Townhomes 2.6
Small Apt. Buildings 14.3
Apt. Complexes 2.4
Mobile Homes 25.1
Other 0.0

Home Size

SIZE OF Metter HOMES
No Bedroom 2.56
1 Bedroom 6.38
2 Bedrooms 29.23
3 Bedrooms 51.74
4 Bedrooms 7.03
5 or more bedrooms 3.05

Popular Neighborhoods in Metter

Zip Codes in Metter, GA