Reidsville, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Reidsville, 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

Reidsville Housing Market Information

With a population of 2,616, 1,100 total housing units (homes and apartments), and a median house value of $96,460, house prices in Reidsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Reidsville, accounting for 61.22% of the city's housing units. Other types of housing that are prevalent in Reidsville include mobile homes or trailers ( 19.28%), duplexes, homes converted to apartments or other small apartment buildings ( 14.81%), and a few large apartment complexes or high rise apartments ( 3.37%).

The most prevalent building size and type in Reidsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.92% owning and 48.08% renting.

There is a lot of housing in Reidsville 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 Reidsville built between 1940-1969 ( 21.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.32%). There's also some housing in Reidsville built before 1939 ( 5.65%).

Vacant housing appears to be an issue in Reidsville. Fully 19.35% of the housing stock is classified as vacant. Left unchecked, vacant Reidsville homes and apartments can be a drag on the real estate market, holding Reidsville 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.

Reidsville Home Appreciation Rates

Real estate appreciation rates in Reidsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

NeighborhoodScout's data show that during the latest twelve months, Reidsville's appreciation rate, at 3.47%, has been at or slightly above the national average. In the latest quarter, Reidsville's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$96,460

Reidsville, GA HOME PRICES

Value Range
> $1,117,000 0.0
$838,001 - $1,117,000 0.4
$559,001 - $838,000 0.0
$447,001 - $559,000 0.0
$335,001 - $447,000 0.5
$223,001 - $335,000 7.8
$112,001 - $223,000 23.6
$56,001 - $112,000 27.8
$0 - $56,000 39.9

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
79.8781202390718 69.7674418604651

Number Of Homes And Apartments:
1,100

Reidsville 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
18.00% 0.96% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$649 / per month

Homeownership Rate

Homeownership
Owners 51.92
Renters 48.08
Vacant 19.35

Housing Market Details

 

Age of Homes

AGE OF Reidsville HOMES
2000 or Newer 12.3
1970 - 1999 60.4
1940 - 1969 21.6
1939 or Older 5.6

Types of Homes

TYPE OF Reidsville HOMES
Single-Family 61.2
Townhomes 1.3
Small Apt. Buildings 14.8
Apt. Complexes 3.4
Mobile Homes 19.3
Other 0.0

Home Size

SIZE OF Reidsville HOMES
No Bedroom 0.00
1 Bedroom 9.09
2 Bedrooms 22.80
3 Bedrooms 58.43
4 Bedrooms 7.48
5 or more bedrooms 2.20

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Zip Codes in Reidsville, GA