Oakwood, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Oakwood Neighborhoods Since 2000




Oakwood, GA Real Estate Data


Oakwood Housing Market Information

With 4,178 people, 1,611 houses or apartments, and a median cost of homes of $156,567, Oakwood real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Oakwood, accounting for 32.93% of the city's housing units. Other types of housing that are prevalent in Oakwood include single-family detached homes ( 25.13%), duplexes, homes converted to apartments or other small apartment buildings ( 23.82%), and a few row houses and other attached homes ( 12.57%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Oakwood is dominated by renter-occupied one, two, or no bedrooms apartments. 67.95% of Oakwood's dwellings are rentals.

There is a lot of housing in Oakwood 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 Oakwood built between 2000 and later ( 43.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.91%).

Vacant housing appears to be an issue in Oakwood. Fully 15.65% of the housing stock is classified as vacant. Left unchecked, vacant Oakwood homes and apartments can be a drag on the real estate market, holding Oakwood 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.

Oakwood Home Appreciation Rates

Real estate appreciation rates in Oakwood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.58% during the period.

Appreciation rates are so strong in Oakwood that despite a nationwide downturn in the housing market, Oakwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oakwood appreciation rates continue to be some of the highest in America, at 8.25%, which is higher than appreciation rates in 92.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oakwood. Oakwood appreciation rates in the latest quarter were at 5.14%, which equates to an annual appreciation rate of 22.18%.

Importantly, this makes Oakwood one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Oakwood's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$156,567

Oakwood, GA HOME PRICES

Value Range
> $1,324,000 1.3
$993,001 - $1,324,000 0.1
$662,001 - $993,000 1.0
$529,001 - $662,000 0.2
$397,001 - $529,000 3.4
$265,001 - $397,000 11.6
$133,001 - $265,000 43.6
$66,001 - $133,000 31.3
$0 - $66,000 7.5

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
48.0353692100486 30.6553911205074

Number Of Homes And Apartments:
1,611

Rent & Ownership

 

Average Market Rent:
$1,203 / per month

Homeownership Rate

Homeownership
Owners 32.05
Renters 67.95
Vacant 15.65

Housing Market Details

 

Age of Homes

AGE OF Oakwood HOMES
2000 or Newer 43.6
1970 - 1999 47.5
1940 - 1969 7.9
1939 or Older 1.0

Types of Homes

TYPE OF Oakwood HOMES
Single-Family 25.1
Townhomes 12.6
Small Apt. Buildings 23.8
Apt. Complexes 32.9
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Oakwood HOMES
No Bedroom 1.99
1 Bedroom 13.46
2 Bedrooms 53.09
3 Bedrooms 27.59
4 Bedrooms 3.30
5 or more bedrooms 0.58

Oakwood 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
17.13% 0.93% 4 2
* 10 is highest