Metter, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Metter, GA Real Estate Data


Metter Housing Market Information

With a population of 4,111, 1,516 total housing units (homes and apartments), and a median house value of $107,322, 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 60.36% of the city's housing units. Other types of housing that are prevalent in Metter include mobile homes or trailers ( 19.48%), duplexes, homes converted to apartments or other small apartment buildings ( 15.26%), and a few large apartment complexes or high rise apartments ( 2.87%).

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 49.51% owning and 50.49% 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 ( 16.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.22%). There's also some housing in Metter built before 1939 ( 10.19%).

Vacant housing appears to be an issue in Metter. Fully 14.64% 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

Real estate appreciation rates in Metter's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.03% during the period.

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 6.16%, which is higher than appreciation rates in 76.20% 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 1.23%, which equates to an annual appreciation rate of 5.00%.

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:
$107,322

Metter, GA HOME PRICES

Value Range
> $1,135,000 2.1
$851,001 - $1,135,000 0.2
$567,001 - $851,000 5.9
$454,001 - $567,000 0.0
$340,001 - $454,000 2.6
$227,001 - $340,000 13.0
$114,001 - $227,000 23.5
$57,001 - $114,000 23.7
$0 - $57,000 29.1

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
74.1699361714587 61.7336152219873

Number Of Homes And Apartments:
1,516

Rent & Ownership

 

Average Market Rent:
$728 / per month

Homeownership Rate

Homeownership
Owners 49.51
Renters 50.49
Vacant 14.64

Housing Market Details

 

Age of Homes

AGE OF Metter HOMES
2000 or Newer 12.2
1970 - 1999 61.3
1940 - 1969 16.3
1939 or Older 10.2

Types of Homes

TYPE OF Metter HOMES
Single-Family 60.4
Townhomes 2.0
Small Apt. Buildings 15.3
Apt. Complexes 2.9
Mobile Homes 19.5
Other 0.0

Home Size

SIZE OF Metter HOMES
No Bedroom 2.42
1 Bedroom 7.49
2 Bedrooms 23.70
3 Bedrooms 56.81
4 Bedrooms 7.15
5 or more bedrooms 2.42

Metter 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
31.86% 1.64% 7 3
* 10 is highest

Popular Neighborhoods in Metter

Zip Codes in Metter, GA