Powder Springs, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Powder Springs, 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

Powder Springs Housing Market Information

With 14,826 people, 4,958 houses or apartments, and a median cost of homes of $168,642, Powder Springs 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 Powder Springs, accounting for 84.25% of the city's housing units. Other types of housing that are prevalent in Powder Springs include row houses and other attached homes ( 11.54%), duplexes, homes converted to apartments or other small apartment buildings ( 2.22%), and a few large apartment complexes or high rise apartments ( 1.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Powder Springs. Owner-occupied housing accounts for 75.42% of Powder Springs's homes, and 75.68% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Powder Springs 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 Powder Springs built between 2000 and later ( 28.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.80%). There's also some housing in Powder Springs built before 1939 ( 1.83%).

Powder Springs Home Appreciation Rates

Powder Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Powder Springs during the period has been just -0.87%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Powder Springs's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Powder Springs's appreciation rate has been 1.10%, which annualizes to a rate of 4.47%.

Relative to Georgia, our data show that Powder Springs's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Powder Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Powder Springs - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Powder Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$168,642

Powder Springs, GA HOME PRICES

Value Range
> $1,244,000 0.0
$933,001 - $1,244,000 0.5
$622,001 - $933,000 0.6
$498,001 - $622,000 0.9
$373,001 - $498,000 2.8
$249,001 - $373,000 7.9
$124,001 - $249,000 54.4
$62,001 - $124,000 26.2
$0 - $62,000 6.8

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
42.1012539552326 23.8900634249471

Number Of Homes And Apartments:
4,958

Powder Springs 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
14.11% 0.77% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,298 / per month

Homeownership Rate

Homeownership
Owners 75.42
Renters 24.58
Vacant 7.38

Housing Market Details

 

Age of Homes

AGE OF Powder Springs HOMES
2000 or Newer 28.5
1970 - 1999 60.8
1940 - 1969 8.8
1939 or Older 1.8

Types of Homes

TYPE OF Powder Springs HOMES
Single-Family 84.3
Townhomes 11.5
Small Apt. Buildings 2.2
Apt. Complexes 1.2
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Powder Springs HOMES
No Bedroom 0.77
1 Bedroom 1.98
2 Bedrooms 12.22
3 Bedrooms 53.58
4 Bedrooms 22.10
5 or more bedrooms 9.36