Milledgeville, GA


Highest Appreciating Milledgeville Neighborhoods Since 2000

Milledgeville, 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

Milledgeville Housing Market Information

With a population of 18,931, 6,023 total housing units (homes and apartments), and a median house value of $177,300, Milledgeville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Milledgeville, accounting for 48.89% of the city's housing units. Other types of housing that are prevalent in Milledgeville include large apartment complexes or high rise apartments ( 24.49%), duplexes, homes converted to apartments or other small apartment buildings ( 19.92%), and a few mobile homes or trailers ( 3.52%).

Renters dominate Milledgeville's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Milledgeville 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 Milledgeville built between 1940-1969 ( 30.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.91%). There's also some housing in Milledgeville built before 1939 ( 6.35%).

Vacant housing appears to be an issue in Milledgeville. Fully 18.67% of the housing stock is classified as vacant. Left unchecked, vacant Milledgeville homes and apartments can be a drag on the real estate market, holding Milledgeville 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.

Milledgeville Home Appreciation Rates

Milledgeville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Milledgeville during the period has been just -1.15%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Milledgeville's appreciation rate, at 4.41%, has been at or slightly above the national average. In the latest quarter, Milledgeville's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Georgia, our data show that Milledgeville's latest annual appreciation rate is higher than 50% 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 Milledgeville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Milledgeville - 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 Milledgeville real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Milledgeville, GA HOME PRICES

Value Range
> $1,066,000 0.0
$800,001 - $1,066,000 0.2
$533,001 - $800,000 1.0
$427,001 - $533,000 3.0
$320,001 - $427,000 9.2
$213,001 - $320,000 11.2
$107,001 - $213,000 30.5
$53,001 - $107,000 26.6
$0 - $53,000 18.3

High for GA
High for Nation

Value Relative to Nation Value Relative to State
39.0894175553733 20.9302325581395

Number Of Homes And Apartments:

Milledgeville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
26.95% 1.39% 7 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$975 / per month

Homeownership Rate

Owners 27.89
Renters 72.11
Vacant 18.67

Housing Market Details


Age of Homes

AGE OF Milledgeville HOMES
2000 or Newer 24.9
1970 - 1999 38.3
1940 - 1969 30.5
1939 or Older 6.3

Types of Homes

TYPE OF Milledgeville HOMES
Single-Family 48.9
Townhomes 3.2
Small Apt. Buildings 19.9
Apt. Complexes 24.5
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Milledgeville HOMES
No Bedroom 0.42
1 Bedroom 9.01
2 Bedrooms 38.33
3 Bedrooms 40.90
4 Bedrooms 8.83
5 or more bedrooms 2.51