Perry, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Perry Neighborhoods Since 2000




Perry, 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

Perry Housing Market Information

With 15,396 people, 4,994 houses or apartments, and a median cost of homes of $147,010, Perry real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Perry, accounting for 68.23% of the city's housing units. Other types of housing that are prevalent in Perry include large apartment complexes or high rise apartments ( 19.38%), mobile homes or trailers ( 5.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.31%).

The most prevalent building size and type in Perry are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.88% owning and 48.12% renting.

There is a lot of housing in Perry 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 Perry built between 2000 and later ( 32.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.26%). There's also some housing in Perry built before 1939 ( 3.53%).

Vacant housing appears to be an issue in Perry. Fully 14.43% of the housing stock is classified as vacant. Left unchecked, vacant Perry homes and apartments can be a drag on the real estate market, holding Perry 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.

Perry Home Appreciation Rates

Real estate appreciation rates in Perry's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.25% during the period.

Appreciation rates are so strong in Perry that despite a nationwide downturn in the housing market, Perry real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Perry appreciation rates continue to be some of the highest in America, at 6.94%, which is higher than appreciation rates in 80.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Perry. Perry appreciation rates in the latest quarter were at 4.67%, which equates to an annual appreciation rate of 20.04%.

Importantly, this makes Perry 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 Perry's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$147,010

Perry, GA HOME PRICES

Value Range
> $1,081,000 0.7
$810,001 - $1,081,000 0.8
$540,001 - $810,000 0.8
$432,001 - $540,000 1.4
$324,001 - $432,000 1.9
$216,001 - $324,000 15.8
$108,001 - $216,000 52.6
$54,001 - $108,000 16.9
$0 - $54,000 9.1

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
51.2949724598617 33.615221987315

Number Of Homes And Apartments:
4,994

Perry 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
22.73% 1.19% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$907 / per month

Homeownership Rate

Homeownership
Owners 51.88
Renters 48.12
Vacant 14.43

Housing Market Details

 

Age of Homes

AGE OF Perry HOMES
2000 or Newer 32.0
1970 - 1999 40.2
1940 - 1969 24.3
1939 or Older 3.5

Types of Homes

TYPE OF Perry HOMES
Single-Family 68.2
Townhomes 1.4
Small Apt. Buildings 5.3
Apt. Complexes 19.4
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Perry HOMES
No Bedroom 1.64
1 Bedroom 3.79
2 Bedrooms 26.39
3 Bedrooms 51.34
4 Bedrooms 13.52
5 or more bedrooms 3.32