Rex, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rex Neighborhoods Since 2000




Rex, 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

Rex Housing Market Information

With 19,871 people, 3,680 houses or apartments, and a median cost of homes of $143,654, Rex 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 Rex, accounting for 90.27% of the town's housing units. Other types of housing that are prevalent in Rex include row houses and other attached homes ( 4.15%), mobile homes or trailers ( 3.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rex. Owner-occupied housing accounts for 78.84% of Rex's homes, and 84.19% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rex 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 Rex built between 2000 and later ( 41.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.07%). There's also some housing in Rex built before 1939 ( 2.09%).

Rex Home Appreciation Rates

Homes have actually lost value in Rex over the last then years, as home values have seen a decline of 28.08% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rex home appreciation rates at 1.10%, which equates to an annual appreciation rate of 4.47%.

Appreciation rates are so strong in Rex that despite a nationwide downturn in the housing market, Rex real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rex appreciation rates continue to be some of the highest in America, at 6.99%, which is higher than appreciation rates in 81.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rex. Rex appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Rex's latest annual appreciation rate is higher than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$143,654

Rex, GA HOME PRICES

Value Range
> $1,354,000 0.0
$1,016,001 - $1,354,000 0.0
$677,001 - $1,016,000 0.0
$542,001 - $677,000 0.0
$406,001 - $542,000 0.8
$271,001 - $406,000 2.4
$135,001 - $271,000 42.7
$68,001 - $135,000 45.0
$0 - $68,000 9.0

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
52.9180827376069 36.3636363636364

Number Of Homes And Apartments:
3,680

Rex 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
-17.99% -1.14% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,412 / per month

Homeownership Rate

Homeownership
Owners 78.84
Renters 21.16
Vacant 8.30

Housing Market Details

 

Age of Homes

AGE OF Rex HOMES
2000 or Newer 41.3
1970 - 1999 47.5
1940 - 1969 9.1
1939 or Older 2.1

Types of Homes

TYPE OF Rex HOMES
Single-Family 90.3
Townhomes 4.1
Small Apt. Buildings 1.4
Apt. Complexes 0.9
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Rex HOMES
No Bedroom 0.66
1 Bedroom 1.15
2 Bedrooms 6.10
3 Bedrooms 62.62
4 Bedrooms 21.56
5 or more bedrooms 7.91