Rincon, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rincon, 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

Rincon Housing Market Information

With a population of 9,843, 3,174 total housing units (homes and apartments), and a median house value of $180,253, Rincon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rincon, accounting for 63.57% of the town's housing units. Other types of housing that are prevalent in Rincon include large apartment complexes or high rise apartments ( 23.79%), duplexes, homes converted to apartments or other small apartment buildings ( 6.56%), and a few row houses and other attached homes ( 3.44%).

The most prevalent building size and type in Rincon are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 50.79% owning and 49.21% renting.

Rincon homes and real estate are some of the newest in America. 61.28% of Rincon's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Rincon real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.20%), and between 1940-1969 ( 8.14%). There's also some housing in Rincon built before 1939 ( 1.38%).

Rincon Home Appreciation Rates

Rincon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rincon during the period has been just -1.05%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Rincon's appreciation rate, at 5.34%, has been at or slightly above the national average. In the latest quarter, Rincon's appreciation rate has been 1.26%, which annualizes to a rate of 5.15%.

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

Average Home Values

 

Median Home Value:
$180,253

Rincon, GA HOME PRICES

Value Range
> $1,144,000 0.8
$858,001 - $1,144,000 0.4
$572,001 - $858,000 0.0
$457,001 - $572,000 2.0
$344,001 - $457,000 6.1
$229,001 - $344,000 18.5
$115,001 - $229,000 54.1
$57,001 - $115,000 15.4
$0 - $57,000 2.7

High for GA
High for Nation

Value Relative to Nation Value Relative to State
38.0581272705965 20.2959830866808

Number Of Homes And Apartments:
3,174

Rincon 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
29.48% 1.51% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,276 / per month

Homeownership Rate

Homeownership
Owners 50.79
Renters 49.21
Vacant 6.67

Housing Market Details

 

Age of Homes

AGE OF Rincon HOMES
2000 or Newer 61.3
1970 - 1999 29.2
1940 - 1969 8.1
1939 or Older 1.4

Types of Homes

TYPE OF Rincon HOMES
Single-Family 63.6
Townhomes 3.4
Small Apt. Buildings 6.6
Apt. Complexes 23.8
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Rincon HOMES
No Bedroom 2.71
1 Bedroom 10.53
2 Bedrooms 18.26
3 Bedrooms 49.40
4 Bedrooms 13.20
5 or more bedrooms 5.91

Popular Neighborhoods in Rincon

Zip Codes in Rincon, GA