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 about Scout's Real Estate Data
With 17,083 people, 5,570 houses or apartments, and a median cost of homes of $312,148, Powder Springs real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Powder Springs, accounting for 89.71% of the city's housing units. Other types of housing that are prevalent in Powder Springs include row houses and other attached homes ( 7.93%), large apartment complexes or high rise apartments ( 1.81%).
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 78.91% of Powder Springs's homes, and 80.14% 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 ( 24.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.34%).
In the last 10 years, Powder Springs has experienced some of the highest home appreciation rates of any community in the nation. Powder Springs real estate appreciated 176.59% over the last ten years, which is an average annual home appreciation rate of 10.71%, putting Powder Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Powder Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Powder Springs that despite a nationwide downturn in the housing market, Powder Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Powder Springs appreciation rates continue to be some of the highest in America, at 22.86%, which is higher than appreciation rates in 95.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Powder Springs. Powder Springs appreciation rates in the latest quarter were at 5.14%, which equates to an annual appreciation rate of 22.18%.
Relative to Georgia, our data show that Powder Springs's latest annual appreciation rate is higher than 80% 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.
High for Nation
High for GA