Royston, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Royston Neighborhoods Since 2000




Royston, 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

Royston Housing Market Information

With a population of 2,574, 1,099 total housing units (homes and apartments), and a median house value of $104,026, house prices in Royston are solidly below the national average.

Single-family detached homes are the single most common housing type in Royston, accounting for 54.74% of the city's housing units. Other types of housing that are prevalent in Royston include duplexes, homes converted to apartments or other small apartment buildings ( 15.94%), mobile homes or trailers ( 14.98%), and a few large apartment complexes or high rise apartments ( 12.67%).

People in Royston primarily live in small (one, two or no bedroom) single-family detached homes. Royston has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Royston 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 Royston built between 1940-1969 ( 28.76%). A lesser amount of the housing stock also hails from before 1939 ( 15.78%). There's also some housing in Royston built between 2000 and later ( 10.20%).

Vacant housing appears to be an issue in Royston. Fully 12.43% of the housing stock is classified as vacant. Left unchecked, vacant Royston homes and apartments can be a drag on the real estate market, holding Royston 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.

Royston Home Appreciation Rates

Royston's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Royston during the period has been just -0.92%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Royston's appreciation rate, at 4.27%, has been at or slightly above the national average. In the latest quarter, Royston's appreciation rate has been 0.48%, which annualizes to a rate of 1.94%.

Relative to Georgia, our data show that Royston's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$104,026

Royston, GA HOME PRICES

Value Range
> $1,129,000 1.1
$847,001 - $1,129,000 1.4
$564,001 - $847,000 0.7
$451,001 - $564,000 0.9
$339,001 - $451,000 5.4
$226,001 - $339,000 4.8
$113,001 - $226,000 34.1
$57,001 - $113,000 25.2
$0 - $57,000 26.5

Low for GA
Low for Nation

Value Relative to Nation Value Relative to State
74.9970701980546 63.6363636363636

Number Of Homes And Apartments:
1,099

Royston 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
23.55% 1.23% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$813 / per month

Homeownership Rate

Homeownership
Owners 39.56
Renters 60.44
Vacant 12.43

Housing Market Details

 

Age of Homes

AGE OF Royston HOMES
2000 or Newer 10.2
1970 - 1999 45.3
1940 - 1969 28.8
1939 or Older 15.8

Types of Homes

TYPE OF Royston HOMES
Single-Family 54.7
Townhomes 1.7
Small Apt. Buildings 15.9
Apt. Complexes 12.7
Mobile Homes 15.0
Other 0.0

Home Size

SIZE OF Royston HOMES
No Bedroom 1.20
1 Bedroom 14.90
2 Bedrooms 34.18
3 Bedrooms 39.12
4 Bedrooms 8.21
5 or more bedrooms 2.39