Richmond Hill, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Richmond Hill, 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

Richmond Hill Housing Market Information

With 11,935 people, 3,620 houses or apartments, and a median cost of homes of $169,495, Richmond Hill 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 Richmond Hill, accounting for 72.01% of the city's housing units. Other types of housing that are prevalent in Richmond Hill include large apartment complexes or high rise apartments ( 13.70%), duplexes, homes converted to apartments or other small apartment buildings ( 8.79%), and a few row houses and other attached homes ( 4.65%).

The most prevalent building size and type in Richmond Hill are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.49% owning and 50.51% renting.

There is a lot of housing in Richmond Hill 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 Richmond Hill built between 2000 and later ( 40.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.07%).

Richmond Hill Home Appreciation Rates

Richmond Hill's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Richmond Hill during the period has been just -1.30%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Richmond Hill's appreciation rate, at 5.32%, has been at or slightly above the national average. In the latest quarter, Richmond Hill's appreciation rate has been 1.26%, which annualizes to a rate of 5.15%.

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

Average Home Values

 

Median Home Value:
$169,495

Richmond Hill, GA HOME PRICES

Value Range
> $1,073,000 0.3
$805,001 - $1,073,000 1.2
$537,001 - $805,000 1.4
$429,001 - $537,000 2.9
$322,001 - $429,000 8.1
$215,001 - $322,000 34.3
$108,001 - $215,000 41.3
$54,001 - $108,000 5.1
$0 - $54,000 5.4

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
41.8112035626392 23.0443974630021

Number Of Homes And Apartments:
3,620

Richmond Hill 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
29.65% 1.52% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,299 / per month

Homeownership Rate

Homeownership
Owners 49.49
Renters 50.51
Vacant 6.94

Housing Market Details

 

Age of Homes

AGE OF Richmond Hill HOMES
2000 or Newer 40.4
1970 - 1999 50.8
1940 - 1969 8.1
1939 or Older 0.7

Types of Homes

TYPE OF Richmond Hill HOMES
Single-Family 72.0
Townhomes 4.7
Small Apt. Buildings 8.8
Apt. Complexes 13.7
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Richmond Hill HOMES
No Bedroom 0.00
1 Bedroom 2.72
2 Bedrooms 20.51
3 Bedrooms 51.54
4 Bedrooms 20.08
5 or more bedrooms 5.14

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Zip Codes in Richmond Hill, GA