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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Perry HOMES|
|2000 or Newer||32.0|
|1970 - 1999||40.2|
|1940 - 1969||24.3|
|1939 or Older||3.5|
|TYPE OF Perry HOMES|
|Small Apt. Buildings||5.3|
|SIZE OF Perry HOMES|
|5 or more bedrooms||3.32|