Sandersville, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sandersville, GA Real Estate Data


Sandersville Housing Market Information

With a population of 5,752, 2,144 total housing units (homes and apartments), and a median house value of $117,590, house prices in Sandersville are solidly below the national average.

Single-family detached homes are the single most common housing type in Sandersville, accounting for 62.67% of the city's housing units. Other types of housing that are prevalent in Sandersville include mobile homes or trailers ( 15.83%), duplexes, homes converted to apartments or other small apartment buildings ( 11.26%), and a few large apartment complexes or high rise apartments ( 10.24%).

The most prevalent building size and type in Sandersville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.91% owning and 43.09% renting.

There is a lot of housing in Sandersville 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 Sandersville built between 1940-1969 ( 33.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.43%). There's also some housing in Sandersville built before 1939 ( 11.75%).

Vacant housing appears to be an issue in Sandersville. Fully 19.00% of the housing stock is classified as vacant. Left unchecked, vacant Sandersville homes and apartments can be a drag on the real estate market, holding Sandersville 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.

Sandersville Home Appreciation Rates

Appreciation rates for homes in Sandersville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.83%, which ranks in the top 50% nationwide. This equates to an annual average Sandersville house appreciation rate of 0.47%.

NeighborhoodScout's data show that during the latest twelve months, Sandersville's appreciation rate, at 4.60%, has been at or slightly above the national average. In the latest quarter, Sandersville's appreciation rate has been 1.23%, which annualizes to a rate of 5.00%.

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

Average Home Values

 

Median Home Value:
$117,590

Sandersville, GA HOME PRICES

Value Range
> $1,111,000 1.8
$833,001 - $1,111,000 1.3
$556,001 - $833,000 1.0
$445,001 - $556,000 1.5
$333,001 - $445,000 2.3
$222,001 - $333,000 10.0
$111,001 - $222,000 34.3
$55,001 - $111,000 27.3
$0 - $55,000 20.6

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
67.7578028927798 54.9682875264271

Number Of Homes And Apartments:
2,144

Rent & Ownership

 

Average Market Rent:
$707 / per month

Homeownership Rate

Homeownership
Owners 56.91
Renters 43.09
Vacant 19.00

Housing Market Details

 

Age of Homes

AGE OF Sandersville HOMES
2000 or Newer 12.4
1970 - 1999 42.5
1940 - 1969 33.3
1939 or Older 11.7

Types of Homes

TYPE OF Sandersville HOMES
Single-Family 62.7
Townhomes 0.0
Small Apt. Buildings 11.3
Apt. Complexes 10.2
Mobile Homes 15.8
Other 0.0

Home Size

SIZE OF Sandersville HOMES
No Bedroom 3.06
1 Bedroom 6.99
2 Bedrooms 30.68
3 Bedrooms 47.37
4 Bedrooms 9.33
5 or more bedrooms 2.57

Sandersville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
27.77% 1.45% 7 3
* 10 is highest

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Zip Codes in Sandersville, GA