Pine Mountain, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pine Mountain, 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

Pine Mountain Housing Market Information

With a population of 1,358, 634 total housing units (homes and apartments), and a median house value of $168,833, Pine Mountain 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 Pine Mountain, accounting for 75.85% of the town's housing units. Other types of housing that are prevalent in Pine Mountain include duplexes, homes converted to apartments or other small apartment buildings ( 15.85%), large apartment complexes or high rise apartments ( 6.83%), and a few row houses and other attached homes ( 1.46%).

The most prevalent building size and type in Pine Mountain are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 51.80% owning and 48.20% renting.

There is a lot of housing in Pine Mountain 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 Pine Mountain built between 2000 and later ( 29.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.90%). There's also some housing in Pine Mountain built before 1939 ( 12.32%).

Vacant housing appears to be an issue in Pine Mountain. Fully 22.68% of the housing stock is classified as vacant. Left unchecked, vacant Pine Mountain homes and apartments can be a drag on the real estate market, holding Pine Mountain 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.

Pine Mountain Home Appreciation Rates

Pine Mountain's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pine Mountain during the period has been just -1.29%, which is lower than 70% of US communities.

Over the last year, Pine Mountain appreciation rates have trailed the rest of the nation. In the last twelve months, Pine Mountain's appreciation rate has been -2.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pine Mountain were at -3.02%, which equates to an annual appreciation rate of -11.53%.

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

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

Average Home Values

 

Median Home Value:
$168,833

Pine Mountain, GA HOME PRICES

Value Range
> $1,007,000 3.1
$755,001 - $1,007,000 0.0
$503,001 - $755,000 3.3
$402,001 - $503,000 4.4
$302,001 - $402,000 7.8
$201,001 - $302,000 16.5
$100,001 - $201,000 37.8
$50,001 - $100,000 17.9
$0 - $50,000 9.3

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
42.0426579163249 23.6786469344609

Number Of Homes And Apartments:
634

Pine Mountain 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
15.21% 0.82% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$871 / per month

Homeownership Rate

Homeownership
Owners 51.80
Renters 48.20
Vacant 22.68

Housing Market Details

 

Age of Homes

AGE OF Pine Mountain HOMES
2000 or Newer 29.3
1970 - 1999 39.5
1940 - 1969 18.9
1939 or Older 12.3

Types of Homes

TYPE OF Pine Mountain HOMES
Single-Family 75.9
Townhomes 1.5
Small Apt. Buildings 15.9
Apt. Complexes 6.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pine Mountain HOMES
No Bedroom 0.00
1 Bedroom 6.95
2 Bedrooms 32.93
3 Bedrooms 49.88
4 Bedrooms 10.24
5 or more bedrooms 0.00

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Zip Codes in Pine Mountain, GA