Perry, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Perry, GA Real Estate Data


Perry Housing Market Information

With 15,396 people, 4,818 houses or apartments, and a median cost of homes of $148,925, 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 69.24% of the city's housing units. Other types of housing that are prevalent in Perry include large apartment complexes or high rise apartments ( 17.93%), mobile homes or trailers ( 6.24%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.24%).

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 52.87% owning and 47.13% 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 ( 30.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 28.38%). There's also some housing in Perry built before 1939 ( 3.38%).

Vacant housing appears to be an issue in Perry. Fully 14.38% 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 -0.55% during the period.

Over the last year, Perry appreciation rates have trailed the rest of the nation. In the last twelve months, Perry's appreciation rate has been 0.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Perry were at -1.16%, which equates to an annual appreciation rate of -4.57%.

Notably, Perry's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$148,925

Perry, GA HOME PRICES

Value Range
> $1,046,000 0.7
$785,001 - $1,046,000 0.0
$523,001 - $785,000 1.4
$418,001 - $523,000 1.3
$314,001 - $418,000 3.5
$209,001 - $314,000 15.0
$105,001 - $209,000 52.4
$52,001 - $105,000 17.1
$0 - $52,000 8.7

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
51.2970662294314 34.2494714587738

Number Of Homes And Apartments:
4,818

Rent & Ownership

 

Average Market Rent:
$894 / per month

Homeownership Rate

Homeownership
Owners 52.87
Renters 47.13
Vacant 14.38

Housing Market Details

 

Age of Homes

AGE OF Perry HOMES
2000 or Newer 30.7
1970 - 1999 37.5
1940 - 1969 28.4
1939 or Older 3.4

Types of Homes

TYPE OF Perry HOMES
Single-Family 69.2
Townhomes 1.4
Small Apt. Buildings 5.2
Apt. Complexes 17.9
Mobile Homes 6.2
Other 0.0

Home Size

SIZE OF Perry HOMES
No Bedroom 3.25
1 Bedroom 5.10
2 Bedrooms 23.60
3 Bedrooms 51.02
4 Bedrooms 13.28
5 or more bedrooms 3.75

Perry 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
16.39% 0.90% 4 2
* 10 is highest